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

In the Blogs: Filer Up!

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

April 20
Tax practice

Congress Presses IRS to Better Protect Taxpayer Info

The House Ways and Means Oversight Subcommittee held a hearing Tuesday on the 2016 filing season and the Internal Revenue Services cybersecurity efforts.

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

April 19
Financial planning

Tax Strategy Scan: Extra Taxes on Boomers?

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

April 18
Tax practice

Security Vulnerabilities Found in Mobile Tax Apps

A number of mobile tax apps could be putting users personal information at risk of exposure to hackers, according to security researchers.

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

April 18
Tax practice

Art of Accounting: Tax Season is Over - What to Do Now

I always ended tax season with my office closed the next day. It is a day to clear your mind and come down from a high-performance mentality.

April 18
Tax practice

Liberty Tax Shuts Down More Offices

Liberty Tax Service has closed 28 of its franchised locations in the New York City area, instructing them to cease preparing and filing tax returns for the remainder of the 2015 tax filing season.

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

April 18
Tax practice

Senate Committee Drops Tax Preparer Regulation from Identity Theft Bill

The Senate Finance Committee has dropped a provision for regulating tax preparers from legislation that would curb identity theft and tax fraud.

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

April 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
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.