Workers' compensation

For families who employ a nanny to care for their children in the home, there is the extra concern of what to do with their employee.

In a 7-2 decision, the justices held that a railroad’s payment to an employee for working time lost due to an on-the-job injury is taxable compensation.

While most workplace injuries and illnesses are legitimate, occasionally employees try to manipulate the system by filing a false or exaggerated workers’ compensation insurance claim.

Wal-Mart Stores Inc. is boosting its starting hourly wage to $11 and delivering bonuses to employees, capitalizing on the U.S. tax overhaul to stay competitive in a tightening labor market.

Misclassification is a perennial issue for the IRS and state taxing authorities.