Client Alert: IRS Announces Penalty Relief for 2025 Reporting of Tips and Overtime

Client Alert: IRS Announces Penalty Relief for 2025 Reporting of Tips and Overtime

The IRS and Department of Treasury announced relief for employers in connection with the new reporting requirements established by the One, Big, Beautiful Bill (“OBBB”) relating to “no tax on tips” and “no tax on overtime”.

Click here to read our alert.