At $3,000 and never adjusted for inflation during nearly a century, the Sec. 861(a)(3) de minimis exception seldom applies.

Lalo Valdez and Matthew Olson, who are both residents of Northern California, cost the IRS about $1.5 million and $2.1 ...

In May 2025, the Swiss canton of Geneva paid 396 million francs to the Haute-Savoie and Ain regions of neighbouring France — ...

House GOP tax bill reshapes HR with new pay, benefits rules. Herte’s an HR guide to big beautiful bill’s pay, payroll, benefits changes.

Tax breaks on overtime pay and tipped earnings passed the House on May 22, 2025, as part of the “One Big Beautiful Bill Act” (H.R. 1). The ...

Compensation Cash or cash ... as part of the employee’s wages on their Form W-2, and they are subject to income tax withholding. “If the employees are covered for Social Security and Medicare ...

In the recent United States Tax Court case O’Connor v. Commissioner of Internal Revenue, Judge Arbeit sanctioned the petitioner for ...

Small businesses that are sole proprietorships, partnerships or limited liability corporations are allowed to deduct costs for workers' compensation insurance from their federal and state taxes.

The US Senate has passed a new bill that would offer a tax deduction on tips worth up to $25,000. This bill, if enacted into law, would also extend to business tax credits for payroll taxes on tips in ...

You'll receive a W-2 showing how much the state paid you, with withholding ... standard form for paying Social Security and Medicare taxes. As you are your own employer and your own employee ...

People who are considered ‘highly compensated employees’ wouldn’t be eligible for the ‘no taxes on tips’ provision in the GOP ...