Many people will be shocked when they discover the intricate rules — and lack of supporting paperwork — when filing 2025 ...
The new IRS guidance (Notice 2025-69) clarifies how workers can claim the One Big Beautiful Bill Act's recently enacted ...
The "no tax on tips" law was a provision included in President Donald Trump's signature "One Big Beautiful Bill Act," and was a key pledge of his 2024 Presidential campaign ...
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IRS admits it lacks systems for new law and drops penalties tied to tips and overtime
The IRS says it cannot meet new OBBBA reporting rules, leading to a temporary suspension of penalties on tip and overtime reporting for 2025.
Among other employment measures, July’s One Big Beautiful Bill Act gives FLSA non-exempt workers a limited ability to deduct overtime pay from ...
Plus: Lost refund checks, new addresses at the IRS, Taxpayer Assistance Centers are closing, gambling and the IRS, tax compliance and naturalization, tax filing deadlines, tax trivia and more. Quick ...
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