Millions of Americans who rely on tips and/or overtime to bolster their income could be impacted by the new advice.

IRS relaxes ‘no tax on tips law’ so more workers can take advantage. Here’s who will benefit - Treasure Department’s tax ...

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 ...

The IRS won’t require employers to separately report tips and overtime in 2025, which may be confusing for employees. IRS ...

In order to pay your employees correctly each pay period, you need to know how to calculate gross and net pay. Learn how to ...

New deductions will lower the tax bills for many Americans. Those who prefer to pay less in taxes throughout the year may ...

Since the CIT(E) had already accepted the assessed income by issuing Form 4 under the DTVSV Scheme, initiating revision later was held impermissible. Key takeaway: once settled under DTVSV, the ...

The Tribunal held that the CIT(A) erred in dismissing the appeal solely for non-payment of advance tax without first seeking clarification from the assessee. Since the assessee acted under a bona fide ...

As you transition into retirement, your tax obligations can shift dramatically, influenced by significant policy changes.

Why would I work so hard to give the government my money when they turn around and give me nothing?” one woman said.

SUPREME COURTSupreme Court Dismisses Customs' Appeal Seeking Rs 93 Lakh Duty On Lulu Malls' Imported TrampolinesCase Title: COMMISSIONER OF CUSTOMS V LULU INTERNATIONAL SHOPPLING MALLS PVT.

The Internal Revenue Service (IRS) requires employers and employees alike to use specific tax forms to accurately record ...