WASHINGTON – The Department of the Treasury and the Internal Revenue Service issued a notice announcing upcoming regulations and providing guidance regarding Trump Accounts, which are a new type of individual retirement account (IRA) for eligible children. Notice...
In an effort to help our clients comply with new legislation regarding overtime in 2025, we want to make you aware of an informational item that will appear on 2025 Forms W-2. For employees who earned overtime in 2025, Box 14 of the W-2 will include an estimated...
WASHINGTON — The Department of the Treasury and the Internal Revenue Service issued guidance providing penalty relief to employers and other payors for tax year 2025 regarding new information reporting requirements for cash tips and qualified overtime compensation...