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.

AT Think States with Highest and Lowest Tax Rates

WalletHub has released its annual report on the states with the highest and lowest tax rates in the country.

March 15

Michael Cohn
Tax practice

Atlantic City Tax Preparer Pleads Guilty

The operator of an Atlantic City, N.J.-based tax preparation business has pleaded guilty to filing false claims with government.

March 15
Tax practice

Taxpayers Willing to Delay Tax Refunds to Curb Identity Theft

Many Americans are willing to delay receiving their tax refunds for up to two months if it would provide the IRS time to combat identity fraud, according to a new survey.

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

March 15
Tax practice

IRS Says Foreign Bank Account Filings Climbed Last Year

Foreign bank account report filings surpassed the 1 million mark last year, up more than 8 percent from 2014, the Internal Revenue Service reported Tuesday.

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

March 15
Tax practice

IRS Warns of New Phone Scam Tactic

The Internal Revenue Service is sounding the warning about a new tactic from phone scammers pretending to work for the IRS.

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

March 14
Tax practice

Tax Fraud Blotter: Ka-Boom

A roundup of our favorite recent tax fraud cases.

March 13
Tax practice

States Work to Stay Afloat in a Sea of ID Theft

The feds arent the only ones taking measures to protect taxpayers

March 11

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.