The Internal Revenue Service (IRS) requires employers and employees alike to use specific tax forms to accurately record wages, benefits paid, taxes withheld, and other essential financial information ...

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 ...

Employees have been wondering how they will determine the amount of their qualified tips and qualified overtime eligible for deduction under the ...

With tax season just getting started—the season officially opens on Jan. 29, 2024—you've likely received several tax reporting forms already, or they are on their way. Here's what you need to know ...

W-2s and 1099s will not have new fields this year, but the IRS has now provided guidance on how employees can still claim tax deductions for tips ...

Most people get their W-2 forms by the end of January. Form W-2, Wage and Tax Statement, shows your income and the taxes withheld from your pay for the year. You need it to file an accurate tax return ...

Every year, tens of millions of American employees receive IRS Form W-2. This tax form is deceptively simple, but it holds the key to essential facts that you'll need in preparing your 2016 tax ...

On March 29, 2011, the Internal Revenue Service (“IRS”) released Notice 2011-28, which provides guidance to employers on the requirement under the Affordable Care Act (the “Act”) to report the cost of ...