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

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.

U of A employees are encouraged to review their federal income tax withholding to help avoid unexpected tax bills or smaller refunds next spring.

Competing House and Senate bills have the potential to reshape how the IRS taxes tips and overtime wages. The Senate recently passed the “No Tax ...

Employers will need to submit a P11D form if their employees are receiving benefits of any type on top of their salary. Here’s everything you need to know. We’re well into a new tax year, but that ...

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 ...