IRS CEO to Face House Panel as Tax Season Ramps Up: Explained
IRS CEO Frank Bisignano will be in the hot seat Wednesday on Capitol Hill for the first time since taking over a newly created role at the agency.

The Labor Department’s ever-shifting standards for defining independent contractors, combined with US Supreme Court precedent weakening agency authority, will likely diminish the impact of new Trump rulemaking on gig worker litigation.
Millions of private-sector workers without employer-sponsored retirement savings plans could gain access to new tax-advantaged plans similar to one in place for federal workers, President
Montgomery County, Maryland, released its minimum wage rates effective July 1 in a Feb. 27 press release.

The IRS has published a new Schedule 1-A for the 2025 tax year that allows taxpayers to claim several new tax benefits introduced by the GOP’s mega tax law from last summer. These include deductions for tips up to $25,000, overtime pay, car loan interest, and an enhanced deduction for seniors.

IRS CEO Frank Bisignano will be in the hot seat Wednesday on Capitol Hill for the first time since taking over a newly created role at the agency.
California has extended the effective date under which employers must implement garnishment orders to 30 days from 10, under provisions that went into effect Jan. 1.
Gig economy companies operating in Wyoming could contribute to workers’ portable benefits accounts without fear of triggering their reclassification as employees, under legislation heading to Gov. Mark Gordon (R).
Hard Rock Cafe International Inc. will pay nearly $1 million to resolve a Fair Labor Standards Act collective action alleging it underpaid its servers, bartenders, and other tipped employees.
British Columbia’s hourly minimum wages will increase June 1, while Yukon’s hourly minimum wage will increase April 1, the Canadian jurisdictions said.
Montgomery County, Maryland, released its minimum wage rates effective July 1 in a Feb. 27 press release.
Indiana established a tip pool law and made it retroactive to June 28, 2024.
The IRS has published a new Schedule 1-A for the 2025 tax year that allows taxpayers to claim several new tax benefits introduced by the GOP’s mega tax law from last summer. These include deductions for tips up to $25,000, overtime pay, car loan interest, and an enhanced deduction for seniors.
The UK’s Chancellor of the Exchequer Rachel Reeves plans to slow down increases to the youth minimum wage, the Financial Times reports, citing people familiar with the matter.
The Labor Department’s ever-shifting standards for defining independent contractors, combined with US Supreme Court precedent weakening agency authority, will likely diminish the impact of new Trump rulemaking on gig worker litigation.
The German Federal Fiscal Court Feb. 26 posted Decision No. X R 28/23, clarifying the taxation of lump-sum payments from a company pension plan. The taxpayer, an employee, received a ...
The German Ministry of Finance Feb. 26 clarified the taxation of pensions paid to Italian nationals residing in Italy, under the 1989 DTA and protocol with Italy. The clarification includes ...
The Honduran Revenue Administration Service Feb. 20 issued Notice No. SAR 09-2026, announcing a tax amnesty benefit under Decree No. 7-2026. The amnesty includes: 1) an application period of four ...
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