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.

Financial planning

Tax Strategy Scan: Better Roth Conversions

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

August 22
Tax practice

Tax Fraud Blotter: A Dog, a Fish and a Bird

A roundup of our favorite recent tax fraud cases.

August 21
Tax practice

In the Blogs: Send in the Crowns

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

August 20
Tax practice

High Inaccuracy Rate Seen in FATCA Filings

Less than half of filings for the Foreign Account Tax Compliance Act have been accurate, according to a new survey.

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

August 19
Tax practice

Another Good Reason Not to Get Married, Courtesy of the IRS

There are plenty of reasons to get married. Your taxes may not be one of them.

August 19
Tax practice

Restaurateur-Turned-Tax-Dodger Readies for Manhattan Sentencing

Restaurateur Rowen Seibel has made the gossip pages for getting socked by Diane von Furstenburgs son and multimillion-dollar court fights hes waging with celebrity chef Gordon Ramsay.

August 19
Tax practice

Trump and Clinton Tax Plans Provoke Mixed Reactions

Although the tax positions of the two major candidates would face major hurdles before either one becomes law, interested observers have wasted no time in dissecting them, praising them or pointing out defects.

By Roger Russell
Senior Editor

August 18

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.