WASHINGTON, D.C. — The Internal Revenue Service is giving tax professionals and employers fresh guidance — and a temporary break — as sweeping changes under the One Big Beautiful Bill reshape how Americans file taxes in 2025.
The agency this week launched its 2025 Nationwide Tax Forum Online, a digital hub offering 15 new continuing education seminars designed to prepare professionals for the upcoming filing season. The lineup covers emerging issues from ethics and digital asset taxation to retirement distributions and disaster reporting. Each 50-minute session includes video presentations, slides, transcripts, and downloadable resources.
Participants can review the content for free or earn continuing education credits for $29 per hour. The virtual platform, available through the IRS Nationwide Tax Forum Online website, lets tax professionals learn at their own pace while keeping up with evolving federal rules.
Among the most anticipated seminars is “Taxable Digital Asset Transactions: The Impact of the 1099-DA on Tax Year 2025,” which explores new reporting requirements for cryptocurrency. Other courses address common compliance pitfalls, including due diligence, unpaid tax debts, and avoiding abusive promotions.
In a separate announcement, the Treasury Department and IRS issued Notice 2025-62, granting penalty relief to employers and payors struggling to comply with new reporting rules for cash tips and qualified overtime pay introduced under the One Big Beautiful Bill.
Officials acknowledged that most payroll systems are not yet capable of handling the expanded reporting demands. As a result, employers will not face penalties in 2025 for failing to separately report tips or overtime, provided their overall filings remain accurate.
“Tax year 2025 will be treated as a transition period,” the IRS said, noting that Forms W-2 and 1099 will not yet include dedicated fields for the new data. Employers are encouraged — though not required — to provide employees with detailed statements showing tip and overtime totals to support new deduction claims.
The One Big Beautiful Bill, signed earlier this year, allows qualifying workers to deduct reported tips and overtime pay from taxable income — a major shift in how wages are treated under federal tax law. The IRS said more guidance for individual taxpayers is forthcoming.
Together, the dual announcements mark the latest step in the Trump administration’s push to modernize the tax system, ease compliance burdens, and give both workers and professionals time to adapt before full enforcement begins in 2026.
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