The IRS's recent FAQ update provides important guidance as employers and taxpayers prepare for the new qualified overtime deduction and the first year of mandatory separate reporting.

The IRS is now beginning to optimize electronic access and delivery to best assist taxpayers. These latest updates represent a significant step forward.

Eight Questions Leadership Should Ask Before Trusting the WIP

Taxpayers and employers should review their records, policies, and contribution or leave program designs in light of the amended statutory rules and the latest available IRS guidance.

Hope says, "We should be better next month." A benchmark-based budget says, "Here is exactly what better means.”

Making estimated tax payments throughout the year can help reduce penalties and prevent unexpected tax bills at filing time.