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

The Tax Extenders in Detail

The Protecting Americans from Tax Hikes Act of 2015 extends a number of important tax breaks, and makes many of them permanent.

December 20
Financial planning

Tax Strategies Scan: Doing Good Deeds for Savings

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

December 20
Tax practice

Tax Fraud Blotter: Convict Capers

Some of our favorite recent tax fraud cases.

December 20
Tax practice

Rothschild to Pay $45.4 mn to End U.S. Tax Probe

Edmond de Rothschild (Suisse) SA agreed to pay $45.4 million to avoid prosecution for helping U.S. clients evade taxes.

December 18
Tax practice

Tax Extenders Pass Final Hurdle in Senate

Congress passed a $1.1 trillion spending measure that extends a number of important tax provisions, and makes several of them permanent.

December 18
Tax practice

Tell Your Clients to Pay Their Nanny Tax!

With the advent of the Nanny Tax in 1994, it became a little more complicated for a family to hire a nanny, housekeeper or senior caregiver.

By Roger Russell
Senior Editor

December 17
Tax practice

House Passes Tax Extenders Package

The House has approved tax extenders legislation that makes a number of the periodically expiring tax breaks into permanent features of the tax code.

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

December 17

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.