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...
The Department of the Treasury and the Internal Revenue Service issued guidance for workers eligible to claim the deduction for tips and for overtime compensation for tax year 2025. Notice 2025-69 clarifies for workers how to determine the amount of their deduction...
In the past year, many employers who would never have considered a remote work arrangement discovered that it was not only possible, but in some (or many) ways preferable to how they worked before. As a result, many employers plan on maintaining a remote workforce in...