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 American Institute of CPAs is asking the Internal Revenue Service and the Treasury Department to provide more flexibility through guidance on a safe harbor for taxpayers who wish to claim tax ...

The IRS issued guidance Wednesday providing penalty relief for employers from reporting requirements in President Donald Trump’s new tax law on tips and overtime.

On November 5, 2025, the U.S. Department of the Treasury and the Internal Revenue Service (IRS) issued guidance confirming employers will not be penalized for failing to report 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 clock is ticking on year-end tax planning. Here are some steps to take now to lower your tax bill before filing next spring.

The National Taxpayers Union Foundation is asking the Internal Revenue Service to modify its proposed regulations for the "no tax on tips" provision of the One Big Beautiful Bill Act, suggesting that ...

The One Big Beautiful Bill (OBBB), enacted July 4, 2025, introduces a highly publicized provision exempting certain tips from federal income ...

RENO, Nev. (KOLO) -President Trump promised during his campaign, and then later as president. It all came true in July when the “No Tax on Tips” proposal was written into the “Big Beautiful Bill.” And ...