Tax

Tax News & IRS Insights for Accounting Professionals

Accounting Today delivers news and analysis for accounting and tax professionals on federal and state tax developments, IRS guidance,information reporting, and operational implications for practices and clients. Our coverage focuses on legislative and procedural shifts that tax practitioners must monitor in planning, compliance, and advisory contexts.

Technology

Tenenz launches white label informational tax videos

Tenenz has released Taxvid, an informational tax-themed client video service.

By Ranica Arrowsmith
Technology Editor

December 13
Tax breaks

IRS lowers mileage rates for 2017

IRS issues 2017 optional standard mileage rates for deductible costs of operating an automobile.

By Jeff Stimpson
Freelance writer

December 13
Tax season

Taxaroo transitions to tax practice management

Taxaroo has relaunched its online tax preparation service as a tax practice management system.

By Michael Cohn
Editor-in-chief, AccountingToday.com

December 12
Sales tax

Internet sales tax clash turned away by U.S. Supreme Court

Supreme Court lets stand a Colorado law that imposes reporting requirements on internet retailers.

By Bloomberg News

December 12
RMDs

Tax Strategy Scan: A Trump cheat sheet

Our weekly roundup of tax-related investment strategies and news your clients may be thinking about.

December 11
Tax franchises

Liberty, Block release mixed 2Q results

Tax prep chain giants Liberty Tax and H&R Block separately released their financials from the second quarter of fiscal 2017, which ended on Oct. 31.

By Jeff Stimpson
Freelance writer

December 10
Tax-related ID theft

Tax pros warned of continuing cyberthreats

The IRS and state tax agencies are warning tax professionals of the continuing threat from cybercriminals.

By Jeff Stimpson
Freelance writer

December 10

Resources

The latest Accounting Today research and discussion:

Web Seminar The most important supply for tax firms isn't found on shelves

In this webinar, we'll show you how tax and accounting professionals are leveraging new technologies to make their firms more efficient and to stay ahead of competitors.

Partner Insights from Thomson Reuters
Web Seminar The psychology of a modern tax workflow: Reducing anxiety, decision fatigue & compliance risk

In this session you'll learn practical, firm-tested principles to reduce confusion, improve predictability, and strengthen both client and staff confidence.

Partner Insights from SmartVault
Web Seminar Tax Planning for 2027

This webinar will look at key opportunities and stumbling blocks for practitioners

Sponsored by 8am CPACharge

Tax: Key Questions & Analysis:

What IRS guidance on forms and information reporting should practitioners prioritize?

The IRS continues to update thresholds and instructions for critical tax forms. This includes changes to information reporting requirements and guidance on evolving reporting standards, affecting 1099, W-2 and similar reporting obligations.

What procedural developments affect IRS automatic change consent for method changes?

Tax professionals must understand which accounting method changes qualify for automatic consent versus advance consent. This determines whether a Form 3115 must be filed with IRS National Office or via automatic procedures.

How are tip-related tax provisions evolving under current policy?

New tax provisions related to tip income will impact how service industry clients and payroll units handle tax reporting and compliance. This includes draft schedules and withholding considerations.

What IRS guidance will shape compliance for the 2026 filing season?

Practitioners will need to understand procedural updates, forms changes, and reporting shifts that will affect compliance workflows and client expectations for the 2026 filing season. This includes the implementation timeline for new schedules and reporting requirements as well as for emerging areas such as crypto broker reporting.