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The IRS has released Notice 2025-69, which provides detailed guidance for workers claiming the new deductions for qualified tips and qualified overtime compensation for tax year 2025. These...
The IRS and U.S. Treasury have issued new guidance offering transition-year penalty relief for 2025 related to information-reporting requirements on tips and overtime pay under the One Big Beautiful...
The IRS has released transitional guidance (Revenue Procedure 2025-28) on how businesses can apply the One Big Beautiful Bill Act (OBBBA) changes to Section 174 research and experimentation...