New IRS Rules on the Tips Deduction (2025 Update) скачать в хорошем качестве

New IRS Rules on the Tips Deduction (2025 Update)

The IRS has just released proposed regulations clarifying the Qualified Tips Deduction under the One Big Beautiful Bill (OB3) Act—and the details matter. In this video, we break down: Who qualifies for the tips deduction in 2025–2028 Key IRS definitions of “qualified tips” vs. non-qualifying service charges Phase-outs based on income (MAGI thresholds) How the SSTB (Specified Service Trade or Business) rules impact eligibility Special issues for employees vs. contractors, sole proprietors, and S-Corp shareholders Odd carve-outs (illegal activities, prostitution, and pornography) and what - - Loper Bright means for IRS guidance challenges Reporting concerns with W-2s, 1099-NECs, and 1099-Ks Many questions remain unanswered—especially for self-employed taxpayers and S corporation shareholders. We’ll cover these developments in greater depth at our Update for 2025 Returns seminar: https://brasstax.com/tax-update-seminar/ Stay informed and make sure you and your clients don’t miss key opportunities (or pitfalls) under these new rules. For a deeper dive, see the full IRS proposed regulations here (starting on PDF pg 14):https://www.irs.gov/pub/irs-irbs/irb2...