Questions and answers about the new deduction for qualified overtime compensation
FS-2026-01, January 2026 This Fact Sheet provides answers to frequently asked questions (FAQs) about the new deduction for qualified overtime […]
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What penalty relief for tax year 2025 for information reporting on tips and overtime under the One, Big, Beautiful Bill?
IR-2025-110, Nov. 6, 2025 WASHINGTON — The Department of the Treasury and the Internal Revenue Service issued guidance providing penalty […]
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IRS Releases Updated Contingency Plan
The IRS has updated its contingency lapse plan, detailing how operations will proceed past the first five days of the […]
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Do all taxpayers have the right to finality of tax matters?
By law, all taxpayers have the right to finality when working with the IRS. For example, taxpayers have the right […]
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Taxpayers should check their withholding now to prepare for next year
Proper tax withholding now is key to avoiding surprises when taxpayers file next year. Making any needed adjustments early means […]
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IRS Processing Delays Leading to Notices
The IRS acknowledged in a June 12 statement that processing delays for some electronic payments are causing taxpayers who paid […]