Rush University Medical Center is pleased to announce that we have received all FICA refund and interest funds from the IRS for claim period January 1994 through March 2005 and will be distributing those funds during the months of February or March.
Former eligible medical residents of Rush University Medical Center will be mailed the following documentation:
· One check that includes the FICA tax refund and IRS calculated interest amounts (separately identified on check) for all applicable periods.
· Form W-2c that reflects the social security and Medicare tax correction for each year of your residency that had a refund.
The tax refund amount is not taxable to you and should NOT be reported as income on your tax return. The interest, however, is taxable to you and should be reported on your 2013 tax return (filing due date April 15, 2014).
A Form 1099INT will be mailed to you in January, 2014 to aid you in your 2013 tax preparation.
DO NOT REPORT THE INTEREST ON YOUR 2012 TAX RETURN.
Copies of the W-2c forms will be sent to the Social Security Administration so that your account can be adjusted. The W-2c forms sent to you are for informational purposes only. Keep them for your records. Do not submit these forms to any government agency. No further action is needed on your part.
If you have any questions about this notice please contact (312) 942-2557.
If you have any tax matter questions related to this payment, please contact your tax advisor.