The U.S. Department of the Treasury and Internal Revenue Service announced penalty relief Monday for employers and payors ...

The new OBBB requires tip & overtime tax reporting, but the IRS has issued a penalty relief for 2025, as employers adjust.

The move is in response to challenges introduced by new disclosure requirements under the One, Big, Beautiful Bill.

The recent enactment of the 'One Big Beautiful Bill Act' (OBBBA) marks a pivotal shift for workers who earn tips, offering them a chance to exempt part of their tip income from federal taxes. This ...

The Internal Revenue Service has quietly stopped rejecting tax returns where the filer does not fill out their health coverage status, according to a report from Reason, a libertarian blog and ...

The Internal Revenue Service is seeking payments from certain employers that did not provide required insurance coverage to employees per the ACA, according to a Lexology report. Here are four things ...

Banks typically keep day-to-day transactions under wraps, but large or repeated deposits can spark mandatory reporting to the Internal Revenue Service (IRS). If you've just deposited a sizable check ...