The IRS and the Treasury Department issued guidance giving penalty relief to employers and other payors for tax year 2025 on ...

Regardless of when the government gets back up and running, it is likely that the effects of the reduced staff, reduced ...

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

Notice 2025-62 PDF provides penalty relief from the new information reporting requirements for cash tips and qualified ...

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

The Internal Revenue Service has shut down its Direct File free tax-filing program, sending an email to the 25 states that offered it this year.

The Internal Revenue Service (IRS) requires employers and employees alike to use specific tax forms to accurately record ...

The IRS announced its free tax filing service is no longer available. While not perfect, experts say it was a step in the ...

The caller's account entails a blatant attempt to work around federal tax credit requirements. According to the transcript, ...

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

The “no tax on tips” law could push restaurants to reconsider their mandatory gratuity policies if they want qualified tips ...

Restaurants may need to rethink their mandatory gratuity policies if they want this income to count as qualified tips for ...