Recently, both major-party presidential candidates have come out in favor of a “no tax on tips” proposals, though neither candidate has indicated how to implement one. There have been proposals from other legislators, though...more
10/22/2024
/ Employer Liability Issues ,
Federal Labor Laws ,
Food Service Workers ,
Gift-Tax Return ,
Labor Reform ,
Political Candidates ,
Presidential Elections ,
Proposed Legislation ,
Regulatory Agenda ,
Resorts & Restaurants ,
Restaurant Industry ,
Tax Deductions ,
Tax Liability ,
Tax Reform ,
Tipped Employees ,
Tips ,
Wage and Hour
On January 16, 2024, the Treasury Department and Internal Revenue Service (“IRS”) announced that the agencies are postponing the implementation of increased reporting requirements for digital asset transactions under the...more
1/22/2024
/ Cryptocurrency ,
Digital Assets ,
FinCEN ,
Income Taxes ,
Internal Revenue Code (IRC) ,
IRS ,
Non-Fungible Tokens (NFTs) ,
Proposed Regulation ,
Regulatory Agenda ,
Regulatory Requirements ,
Reporting Requirements ,
Tax Liability ,
Tax Planning ,
Tax Reform ,
U.S. Treasury