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

Benefiting from U.S. Export Tax Incentives

The United States trade balance is out of whack. Once again, the U.S. is losing big in the world trade arena.

August 30
Tax practice

Apple Hit with $14.5 bn EU Tax Ruling

Apple was ordered to repay as much as $14.5 billion plus interest after the European Commission said Ireland illegally slashed the iPhone makers tax bill between 2003-2014.

August 30
Tax practice

Tax Fraud Blotter: Kings No More

A roundup of our favorite recent tax fraud cases.

August 29
Tax practice

Apple Said to Face Billions in Irish Tax Arrears

(Bloomberg) Apple Inc. is facing a potential tax bill running into billions of euros, according to people familiar with the situation.

August 29
Financial planning

Tax Strategy Scan: Explaining IRA Mistakes

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

August 29
Tax practice

IRS Weighs Ending Cooperative Tax Compliance Program for Big Business

The Internal Revenue Service is closing off admission to a program that allows large corporations to discuss and resolve their tax issues with the IRS before filing their tax returns, due to budget constraints.

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

August 26
Tax practice

In the Blogs: Sneakin’

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

August 25

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
On-Demand 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.