Federal Tax Updates

IRS Provides More Overtime Deduction Guidance

The IRS has released additional guidance clarifying how the qualified overtime compensation deduction works. This post explains what counts as qualified overtime, how FLSA coverage affects eligibility, applicable deduction limits, and reporting requirements for employers and taxpayers for 2025 and 2026.

The End of Paper Refund Checks—and What It Means for Filing Season Prep

The IRS is eliminating paper refund checks, shifting refunds and payments fully toward electronic methods. This change has important implications for filing season preparation, client intake, and payment planning. Learn what tax professionals should address now to help prevent delays once returns are filed.

OBBBA Update: Qualified Tips and Overtime Compensation for Tax Year 2025

The One Big Beautiful Bill Act (OBBBA) created new deductions for 2025–2028 for qualified tips and qualified overtime compensation. This overview covers eligibility and phase-outs—and links to a Feb. 9 update with additional IRS guidance.

Public Law 86-272 and Nexus: What Happened to the House OBBBA Provision?

Learn what happened to the House OBBBA provision affecting Public Law 86-272 and state tax nexus rules. Tax expert Annette Nellen explains the implications for multistate businesses in this reprinted article and upcoming webinar.

OBBBA Update: Preliminary job list for the “no tax on tips” provision and the new Schedule 1-A

The U.S. Treasury Department, in coordination with the IRS released the preliminary list of occupations eligible for the no tax on tips provision under HR 1, PL 119-21, commonly known…

One Big Beautiful Bill Implements Significant Tax Package

Explore key provisions of the newly signed “One Big Beautiful Bill,” including permanent tax rate extensions, expanded SALT deductions, new “Trump Accounts,” and more. A must-read for tax professionals navigating 2025 changes.