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OBBBA Introduces Key Payroll & Employee Benefits Changes

October 2, 2025
Article

OBBBA Introduces Key Payroll & Employee Benefits Changes

October 2, 2025

OBBBA allows individuals in eligible tipped jobs to deduct up to $25,000 in tips per year (2025–2028). The deduction phases out at $150,000 AGI ($300,000 joint). Employers are not eligible for this deduction.

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Article

IRS Remains Fully Staffed for Now as Government Shuts Down

October 2, 2025
Article

IRS Remains Fully Staffed for Now as Government Shuts Down

October 2, 2025

The IRS has maintained “normal” operations since the government shut down on October 1 but has not yet announced whether that will continue beyond the first five days covered by its initial contingency plan.

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Article

IRS Extends Transition Period for Research Credit Refund Claims, Makes Section G Optional for Tax Year 2025

October 2, 2025
Article

IRS Extends Transition Period for Research Credit Refund Claims, Makes Section G Optional for Tax Year 2025

October 2, 2025

The IRS extended the comment period for Form 6765 draft instructions and delayed mandatory Section G reporting. The transition period for research credit refund claims now runs through January 10, 2027, giving taxpayers more time to prepare.

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Article

IRS Pulls Back from Planned Spinoff Guidance and Backtracks on Spinoff Ruling Policy

October 1, 2025
Article

IRS Pulls Back from Planned Spinoff Guidance and Backtracks on Spinoff Ruling Policy

October 1, 2025

The IRS on September 29 issued guidance on corporate separations, incorporations, and reorganizations that undoes changes planned under the previous administration. Read the insight to learn more.

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