Date and Time: Wednesday, May 20, 2026 – 2:00 pm – 3:00 pm EST
Description: This program provides a comprehensive overview of the latest rules and regulations governing tips, overtime pay, and related tax obligations. Participants will learn how to calculate, report, and withhold taxes on tips; apply new overtime rules; and ensure compliance with the new federal law.
Learning Objectives:
- Apply new OBBA rules for reporting tips and overtime wages
- Identify key compliance issues
- Identify common compliance pitfalls and planning strategies
Program Content:
- Updated OBBA guidance on tip reporting and allocation
- Qualifying tip requirements
- Self-employment and qualified tips
- Employer and employee tax responsibilities for tipped wages
- Overtime pay deduction
- Tip and overtime information returns
Who should attend: CPAs, enrolled agents, payroll specialists and members in industry seeking an in-depth overview of tips and overtime reporting rules.
Program Level: Basic
Developed By: Federal Tax Workshops, Inc
Instructor: Steven C. Dilley, CPA, JD, PhD
CPE Credit: 1
Field of Study: Taxes
Prerequisites: None
Qualifies for IRS PTIN Credit
Course Content
Steven C. Dilley, CPA, JD, PhD
Steve is President of Federal Tax Workshops, Inc., where for over 40 years, he has developed and presented continuing education seminars and webinars on tax, accounting and ethics topics for accountants and attorneys throughout the country. He is nationally known for his knowledge of the financial, accounting, and tax problems of the closely held business and has published numerous articles on these topics.
In addition, Steve is a Professor Emeritus of Accounting at Michigan State University, East Lansing, where he taught tax accounting. He has been received the “Distinguished Achievement in Accounting Education Award” in Michigan, as well as the MSU Accounting and Information Systems Department Outstanding Teacher Award.
Course materials are only available to students enrolled in the course