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Stock impact report

Tax Breaks: The Thanksgiving With Taxes, Tips And Tariffs On The Side Edition [Forbes]

Wynn Resorts, Limited (WYNN) 
Last wynn resorts, limited earnings: 2/6 04:03 pm Check Earnings Report
US:NASDAQ Investor Relations: wynnresorts.com
Company Research Source: Forbes
The big news this week is that with the government shutdown finally over, the tax world was (mostly) getting back to normal. The IRS is back to work (you can read more about the status of processing returns and returning correspondences a little further down in the newsletter) and that includes issuing more guidance, including on the One Big Beautiful Bill Act (OBBBA). On Friday, the IRS released new guidance to help taxpayers who are eligible to claim the deduction for tips and for overtime compensation for tax year 2025. (The guidance to help employers and other payers navigate reporting requirements for cash tips and qualified overtime compensation under OBBBA can be found here The guidance clarifies how to figure your deduction without a separate accounting from your employer for cash tips or qualified overtime on information returns (such as Form W-2 or Form 1099). Notably, since employers are not required to separately report qualified tips on Forms W-2 for tax year 2 Show less Read more
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