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

Inspector General on 'High Alert' for Tax Scams

The Treasury Inspector General for Tax Administration is urging taxpayers and practitioners to be on high alert about a massive telephone fraud scam being committed by criminals impersonating Internal Revenue Service employees.

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

January 19
Tax practice

Major Business Tax Changes for 2016

A large number of important tax changes go into effect this year for businesses.

January 19
Tax practice

IRS Warns about Providing W-2 and 1099-R for Tax Returns

The Internal Revenue Service warned authorized electronic filing providers Tuesday that they should not submit electronic tax returns to the IRS before receiving all Forms W-2, W-2G, and 1099-R from taxpayers.

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

January 19
Technology

Thomson Reuters Adds SOC 2 Tools to Checkpoint

Thomson Reuters Checkpoint has added customizable tools to address concerns about controls related to security, availability, processing integrity, confidentiality and privacy.

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

January 19
Tax practice

TaxAct Detects Data Breach and Suspends Customer Accounts

Tax preparation software developer TaxAct disclosed a data breach, leading the company to suspend the accounts of more than 9,000 customers.

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

January 19
Tax practice

IRS Kicks Off Tax Season

The Internal Revenue Service launched the tax-filing season Tuesday, promising better taxpayer and practitioner service, although a labor union official representing IRS employees warned there could still be problems.

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

January 19
Tax practice

Apple May Be on Hook for $8 Billion in Taxes in Europe Probe

Apple Inc. may be facing a hefty tax bill in Europe.

January 19

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.