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

In the Blogs: The Big Squeeze

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

December 17
Technology

Navigating and Automating Fast-Approaching ACA Deadlines

Are your clients prepared for the latest round of Affordable Care Act (ACA) compliance deadlines?

December 17
Tax practice

Wolters Kluwer Offers New Tax Pro Certificate Programs

Wolters Kluwer has introduced two new learning certification programs for tax professionals.

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

December 17
Tax practice

Bloomberg BNA Releases Federal Tax Guide

Bloomberg BNA has released a federal tax guide for 2016.

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

December 17
Tax practice

Tax Preparer for Mike The Situation’ Sorrentino Pleads Guilty in Tax Fraud Case

The former tax preparer for Mike The Situation Sorrentino, one of the stars of the MTV reality TV series Jersey Shore, and his brother, Marc Sorrentino, pleaded guilty Wednesday to filing fraudulent tax returns on their behalf.

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

December 16
Tax practice

Credit Agricole to Pay $99.2 Million in Swiss Bank Program

Credit Agricole SAs unit in Switzerland agreed to pay $99.2 million to avoid prosecution through a U.S. program that has secured almost $742 million in penalties from 64 Swiss banks that disclosed how they helped Americans evade taxes.

December 15
Tax practice

New York Tax Preparer Sentenced to Year in Prison

A New York tax preparer received a 12-month prison sentence and was ordered to pay $144,604.00 in restitution to the Internal Revenue Service after he was convicted of preparing false tax returns.

December 14

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.