On November 5, 2025, the U.S. Department of the Treasury and the Internal Revenue Service (IRS) issued guidance confirming employers will not be penalized for failing to report cash tips and overtime ...

The Internal Revenue Service (IRS) released guidance on November 5, 2025, granting employers relief from tax penalties for failing to provide employees information related to their (1) “qualified tips ...

The share of individual income tax filers who received refunds this year declined to 62.6% from 64%, according to Internal Revenue Service data released Friday. The average refund size increased, ...

Democrats from the Senate’s powerful tax-writing committee demanded Wednesday that administration officials drop large-scale changes at the Internal Revenue Service that would make it easier to launch ...

The Internal Revenue Service furloughed nearly half of its workforce on Wednesday, marking a major development in the ongoing government shutdown that has now stretched into its eighth day—with no ...

The IRS will furlough just under half of its staff and pause most of the agency’s taxpayer services as gridlock in Congress pushes the government shutdown into its second week. The plan released ...

(Reuters) -U.S. Treasury Secretary Scott Bessent will remain in his role as commissioner of the Internal Revenue Service, CNBC reported on Monday citing sources. Bessent is expected to announce that ...

For the 2023-24 financial year, President Carmen Twillie Ambar received $554,146 filed under Bonus and Incentive Compensation in Oberlin’s tax documentation, bringing her total compensation from ...

A federal court this week struck down a controversial Internal Revenue Service “facts and circumstances” test for nonprofit tax-exempt status, calling it unconstitutionally vague and opening the door ...

Taxpayers who want to claim some attractive new income tax deductions that were packed into the One Big Beautiful Bill Act will need to keep their records — and get ready to file yet another form to ...

IRS is developing a new Schedule 1-A to use to claim new deductions for tip income, overtime pay, car loan interest and new tax break for those 65 an older. IRS and Treasury give new guidance on what ...

If you are wondering about a tariff rebate, state or federal tax refund, inflation check, economic impact payment or a new, fourth stimulus check in 2025, here's a status update from the IRS and how ...