The IRS and the Treasury Department issued guidance giving penalty relief to employers and other payors for tax year 2025 on ...
The new OBBB requires tip & overtime tax reporting, but the IRS has issued a penalty relief for 2025, as employers adjust.
An IRS notice says employers won’t face penalties if they don’t provide a separate accounting of cash tips and overtime ...
The new “no tax on tips” and “no tax on overtime” deductions require additional reporting by employers and payers. To help, ...
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