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Employee or Independent Contractor? Why Worker Classification Matters More Than Ever
Misclassifying workers can lead to payroll tax penalties—and now, eligible workers could also miss out on the new deduction for qualified overtime compensation. Learn why proper worker classification is more important than ever. Read "Employee or Independent Contractor? Why Worker Classification Matters More Than Ever" at StephanoSlack.com.
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Employee or Independent Contractor? Why Worker Classification Matters More Than Ever
Misclassifying workers can lead to payroll tax penalties—and now, eligible workers could also miss out on the new deduction for qualified overtime compensation. Learn why proper worker classification is more important than ever. Read "Employee or Independent Contractor? Why Worker Classification Matters More Than Ever" at StephanoSlack.com.
Can Working Overtime Lower Your Tax Bill? Here’s What the IRS Just Clarified
The IRS has updated its guidance on the new deduction for qualified overtime compensation. If you earned overtime pay—or have employees who did—you may benefit from this tax break. Read "Can Working Overtime Lower Your Tax Bill?" at Stephanoslack.com.
Treasury, IRS Simplify Gift Tax Rules for Trump Account Contributions
The Treasury Department and Internal Revenue Service (IRS) have issued new guidance that removes a significant administrative hurdle for families contributing to Trump Accounts. Revenue Procedure 2026-25 establishes a safe harbor that allows many taxpayers to make qualifying contributions without filing a federal gift tax return.
IRS Simplifies Penalty Relief: What the New Automatic Process Means for Taxpayers
the IRS is introducing a new Automatic Exemption from Penalty (AEP) program that will automatically grant penalty relief to eligible taxpayers with a strong history of compliance. The goal is simple: reduce paperwork, eliminate unnecessary requests and reward taxpayers who consistently meet their tax obligations.