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.

Tax practice

Tax Fraud Blotter: All that Zazz

A roundup of our favorite recent tax fraud cases.

October 13
Tax practice

Treasury Finalizes Earnings Stripping Tax Regulations

The Treasury Department and the Internal Revenue Service have released final regulations on earnings stripping in an effort to reduce the tax benefits of corporate inversions.

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

October 13
Tax practice

Facebook Continues Fight Over U.S. Taxes After Ireland Move

Facebook Inc. is carrying on its fight with the U.S. Internal Revenue Service over taxes relating to its transfer of global operations to Ireland in 2010.

October 12
Technology

TurboAppeal Gets $4mn in Initial Funding

TurboAppeal, a tech firm that helps consumers and businesses appeal property taxes, has completed a $4 million Series A round of funding.

October 12
Tax practice

Clinton’s Tax Plan Seen Costing 697,000 Jobs Amid Lower Wages

Hillary Clintons proposed tax increases on people with high incomes and on businesses would constrain economic growth, according to a policy groups analysis.

October 12
Tax practice

In the Blogs: Assaults on Reason

Highlights of some of our favorite tax-related blogs from the past week.

October 11
Financial planning

Tax Strategy Scan: Charitable Giving Checklists

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

October 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.