Individuals can now claim tax deductions on tips and overtime, which is particularly important for restaurant and gig workers, but filing is more complicated than ever ...

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

Brex explains that most business credit card rewards are not taxable, treated as rebates. Only non-purchase rewards, like sign-up bonuses, are taxable.

When it comes to voluntarily paying taxes on time to the IRS, crypto investors may not have a great record. At least, not ...

The $600 reporting threshold has become a flashpoint for anyone who earns money through side gigs, payment apps, or freelance work. I want to unpack how that old limit is being reshaped, what the new ...

The provisions on tip and overtime compensation were enacted as part of H.R. 1, P.L. 119-21, commonly known as the One Big ...

I may not be the first to tell you, but don’t forget about an additional benefit of the 870-page One Big Beautiful Bill Act passed in July. As prize promotion sponsors and administrators know, an IRS ...

The U.S. Department of the Treasury and Internal Revenue Service announced penalty relief Monday for employers and payors facing new federal requirements to report cash tips and qualified overtime ...

Form 1099-K is used to report payments received for goods or services processed through payment apps, online marketplaces, and credit cards. The IRS has issued FAQs to explain when you might get one.

The Internal Revenue Service headquarters in Washington, D.C. The Internal Revenue Service has provided guidance on how to deal with the restoration of full expensing of research and development costs ...

Rising tax debt among commission-only sales reps highlights the risks of mismanaged 1099 income and overlooked self-employment taxes. IRVINE, CA / ACCESS Newswire / August 22, 2025 / Independent sales ...