OBBBA Qualified Overtime Compensation: 2025 Reporting and Preparing for Next Year

Join us as we discuss recent guidance from the Internal Revenue Service concerning authorized valuation methodologies and incorrect information return penalty safe harbor standards for employers related to qualified overtime compensation (QOC) reporting, one of the cornerstone provisions in the One Big Beautiful Bill Act (OBBBA), retroactively effective January 1, 2025.

Attendees will gain a comprehensive understanding of the key standards applicable during the 2025 transition period.

Topics Will Include:

• Permissible 2025 QOC reporting formats
• Approved 2025 QOC valuation methodologies
• 2025 QOC information return penalty safe harbor standards and penalty mitigation best practices
• 2025 QOC employee communication strategy considerations
• Planning for 2026-forward income tax withholding adjustment procedures and Form W-2 reporting

Questions:

Contact MorganLewisEvents@morganlewisevents.com.

CLE credit in CA, FL, IL, NY*, PA, TX, VA and WA is currently pending approval. Credit in CT and NJ is pending approval (via reciprocity). CLE credit is not available for the viewing of recorded sessions.

*This program qualifies for Newly Admitted Attorneys

Those seeking CLE credit in any other state may be provided with a General Certificate of Attendance and may apply independently.