GlobalData on MSN
US Treasury, IRS ease 2025 reporting penalties for tips, overtime
The move is in response to challenges introduced by new disclosure requirements under the One, Big, Beautiful Bill.
The Internal Revenue Service is giving tax professionals and employers fresh guidance — and a temporary break — as sweeping ...
The IRS and the Treasury Department issued guidance giving penalty relief to employers and other payors for tax year 2025 on ...
10don MSN
IRS Grants Relief Over Taxes on Tips
The new OBBB requires tip & overtime tax reporting, but the IRS has issued a penalty relief for 2025, as employers adjust.
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 ...
Direct File, the free, government-provided alternative to services like TurboTax, won't be available for the 2026 tax season, ...
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