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IRS Provides Employers Penalty Relief for 2025 Tip, Overtime Reporting

IRS Provides Employers Penalty Relief for 2025 Tip, Overtime Reporting

by Norma Sharara and Thomas LeClair | Dec 13, 2025 | Hospitality, Tax

The IRS has offered broad relief (Notice 2025-62) from penalties that would otherwise be imposed on employers for failing to accurately report tips and overtime pay for calendar year 2025 under the One Big Beautiful Bill Act (OBBBA). Although the IRS is not imposing...

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