Ex-IRS Official Reflects On Inaugural Role As National Fraud Counsel

In this episode of Tax Notes Talk, Carolyn Schenck, former IRS national fraud counsel, shares insights from decades at the ...

IRS Adds New Reporting Code for Charitable IRA Gifts

Learn about the IRS’s new Code Y for reporting Qualified Charitable Distributions (QCDs) from IRAs, effective in 2025.
The Southern Maryland Chronicle on MSN

IRS Eases Tip, Overtime Reporting Rules for 2025

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

IRS Unveils New Tools, Tip Relief Ahead of 2025 Tax Season Shake-Up

The Internal Revenue Service is giving tax professionals and employers fresh guidance — and a temporary break — as sweeping ...

The Planes, Trains, And Automobiles Edition

Plus: More government shutdown news, new guidance for employers, foreign real estate taxes, name, image and likeness (NIL) ...
National Law Review

IRS 2025 Penalty Relief- A Break for Employers Under OBBBA’s Tax Reporting for Tips and Overtime

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 ...
National Law Review

IRS issues FAQs addressing Employee Retention Credits under OBBBA

The Internal Revenue Service (IRS) recently issued frequently asked questions (FAQs) addressing Employee Retention Credits ...