In the News | Accounting Today
IRS offers penalty relief for reporting tips and overtime pay
Nov. 5, 2025 · Authored by James Creech
Even amid the government shutdown, IRS staff are pressing ahead with the implementation of the One Big Beautiful Bill Act (OBBBA). Baker Tilly’s James Creech shared with Accounting Today that guidance on reporting qualified tips and overtime pay is underway, and the IRS is seeking public comments to help employers and taxpayers understand the new requirements.
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