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

TurboTax Is Killing It This Filing Season

Apparently, absolutely free is an enticing price-point.

March 1
Tax practice

IRS Revamps Audit Process for Big Business

The Internal Revenue Service has released a new guide for auditors in its Large Business and International division outlining a new examination process for big businesses.

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

February 29
Tax practice

Tax Fraud Blotter: Generating Business

A roundup of our favorite recent tax fraud cases.

February 28
Tax practice

Tax Strategy

Whats new for 2015 tax returns?

February 28
Tax practice

IRS Finds 'Get Transcript' Data Breach Was More Widespread

The Internal Revenue Service said Friday that an investigation into last years data breach in the online Get Transcript application revealed it affected hundreds of thousands more taxpayers than originally believed.

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

February 26
Technology

Cybersecurity and Tax Rates Worry Tech CFOs

High tax rates and cybersecurity are among the most pressing concerns of CFOs at technology companies, according to a new survey by BDO USA.

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

February 26
Tax practice

In the Blogs: Seasonal Wrinkles

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

February 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
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.