Many people will be shocked when they discover the intricate rules — and lack of supporting paperwork — when filing 2025 ...

Many people will be shocked when they discover the intricate rules — and lack of supporting paperwork — when filing 2025 ...

W-2s and 1099s will not have new fields this year, but the IRS has now provided guidance on how employees can still claim tax deductions for tips ...

Employees have been wondering how they will determine the amount of their qualified tips and qualified overtime eligible for deduction under the ...

We’re going to have this hodgepodge, weird year of rules that’s going to make reporting very difficult for employees." ...

Under the One, Big, Beautiful Bill, workers may be eligible for new deductions for tax years 2025 through 2028 if they ...

ITAT Delhi held that reimbursements for seconded employees’ salaries cannot be taxed as technical services, as a genuine employer-employee relationship existed with Indian entities. The ruling ...

Mercury reports on 1099 filing misconceptions for small businesses, clarifying eligibility, requirements, and penalties to ...

The IRS released new guidance for no tax on tips and overtime deductions under the One Big Beautiful Bill Act. Eligible ...

Federal prosecutors say a NJ tax preparer filed more than 1,900 fake COVID-related tax returns, seeking $170 million in ...

Thanks to Trump's spending bill, taxpayers in the U.S. can expect no taxes on overtime and tips beginning this upcoming tax ...