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Monthly Archives: April 2011
Texas Workers’ Compensation Medical Costs Per Claim Rose After Period of Decreases Following Reforms, Says WCRI Study
CAMBRIDGE, Mass.–(BUSINESS WIRE)–Medical costs per claim in Texas rose 8 percent in 2008, after a period of declining costs following the enactment of reforms in 2001 and 2005 and increased payor focus on managing medical care, according to a study … Continue reading
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Workers’ comp payments are taxable (Lawyers Weekly, USA)
A taxpayer inadvertently forfeited her right to exclude workers’ compensation payments from taxable income by receiving Social Security benefits, the U.S. Tax Court has ruled in affirming a $5,000 deficiency assessment. Section 104(a)(1) of the Internal Revenue Code generally excludes from gross income workers’ compensation received by the … Continue reading
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