BNSF To High Court: Pay For Lost Work Time Is Subject To Retirement Taxes

Mealey's (July 25, 2018, 11:57 AM EDT) -- WASHINGTON, D.C. — Based on the U.S. Supreme Court’s examination of “compensation” under the Railroad Retirement Tax Act (RRTA) in Wisconsin Cent. Ltd. v. United States, 138 S. Ct. 2067 (2018), and the views of the Internal Revenue Service (IRS), wages for lost work time are taxable under the RRTA, BNSF Railway Co. argues in it petitioner brief filed July 20 in the U.S. Supreme Court (BNSF Railway Company v. Michael D. Loos, No. 17-1042, U.S. Sup.)....

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