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

Inside the Extenders

While the passage of this seasons extenders bill was widely anticipated before the end of 2015, it nevertheless contained some surprises for many observers.

By Roger Russell
Senior Editor

January 26
Tax practice

Important Tax Changes for Partnerships and Due Dates in 2016

A large number of important tax changes go into effect for partnerships this year, along with due dates for business tax returns.

January 26
Tax practice

Johnson Controls Merges with Tyco in Tax-Lowering Maneuver

Johnson Controls Inc., already exiting the auto-industrys supply chain after decades as a key player, is now seeking to shed its U.S. corporate citizenship in a multibillion-dollar tie-up with Tyco International Plc.

January 25
Tax practice

Google Agrees to Pay $185 Million in U.K. Tax Settlement

Google parent Alphabet Inc. has agreed to pay 130 million pounds ($185 million) in a tax settlement with U.K. authorities, setting off a backlash as opposition politicians questioned the governments handling of the case.

January 25
Tax practice

Tax Fraud Blotter: All in the Extended Family

A roundup of our favorite recent tax fraud cases.

January 25
Tax practice

Apple Steps Up Lobbying Efforts Against European Tax Probe

Apple Inc. is pushing back against a European tax investigation that could force the iPhone maker to pay more than $8 billion in back taxes.

January 22
Tax practice

In the Blogs: Politics Are Usual?

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

January 21

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.