Many employers, payors, and taxpayers now face new information reporting obligations under the One, Big, Beautiful Bill. However, for tax year 2025, the IRS is providing critical transition relief. This article covers what’s required, what relief is available, and how to stay compliant.
Compliance
Compliance Risks and Relief: Navigating New Reporting for Tips & Overtime
New reporting mandates under the OBBB introduced in 2025 bring risk—but the IRS is offering temporary penalty relief under Notice 2025-62.
By NomadicTax Research Team · 5-7 min read
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