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: Unconscionable, Exorbitant and Undisclosed

A roundup of our favorite recent tax fraud cases.

June 17
Tax practice

Schaeuble Says EU Financial Tax Plan Is 'Better Than Failure'

German Finance Minister Wolfgang Schaeuble said a fresh proposal for a 10-nation European financial transaction tax was a small step forward, though doubts remain that a deal can be reached.

June 17
Tax practice

No More June FBARs

This may be the last time you see a reminder that the FBAR (Report of Foreign Bank and Financial Accounts) filing deadline of June 30 is fast approaching. Thats because, beginning in 2017, the annual FBAR filing will coincide with the April 15 income tax filing deadline.

By Roger Russell
Senior Editor

June 16
Tax practice

States Could Improve Business Tax Compliance by Sharing More Data

Sharing of information on business taxes by state tax authorities could improve business tax compliance, according to a new study.

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

June 16
Tax practice

Loeb Reinsurer Says Paulson Exit Eased Tax Scrutiny on Industry

Dan Loebs Third Point Reinsurance Ltd. said scrutiny of the industrys offshore tax advantage has lessened after hedge fund manager John Paulson closed a venture that stood out as an outlier for its aggressive use of strategies that were criticized as abuses.

June 16
Tax practice

Ireland and Apple Brace for the Worst as Tax Endgame Nears

While Europe and global financial markets are consumed by the prospect of Brexit, business rolls on in Brussels.

June 16
Tax practice

In the Blogs: Complex Guilts

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

June 16

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.