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 Internal Revenue Service (IRS) released guidance on November 5, 2025, granting employers relief from tax penalties for failing to provide employees information related to their (1) “qualified tips ...
The Southern Maryland Chronicle on MSN
IRS Eases Tip, Overtime Reporting Rules for 2025
The U.S. Department of the Treasury and Internal Revenue Service announced penalty relief Monday for employers and payors ...
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