Medical Residents Owe Social Security Taxes, IRS Says

Hoping for a break from Social Security taxes because you're a medical resident?

Uncle Sam has a word for you: Fuhgeddaboutit.

The Internal Revenue Service isn't buying the argument that teaching hospitals are educational institutions and that residents are really students.

In a recent memorandum, it concluded that the main purpose of teaching hospitals is patient care, not education. That means that medical residents have to pay Social Security (FICA) taxes on their

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