Announcements for Payroll and OTL can now be found in the Announcements - Payroll and OTL - EBS (MOSC) subcategory. Follow to be sure you don't miss a thing!
OBBBA Overtime Employer Reporting Requirements
While the form W2 is not changing IRS website still shows we have reporting requirements for 2025 FLSA Overtime amounts to both employees and the IRS/SSA. How is Oracle planning on handling the reporting requirements?
- Reporting: Employers and other payors are required to file information returns with the IRS (or SSA) and furnish statements to taxpayers showing the total amount of qualified overtime compensation paid during the year.