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

Tax Fraud Blotter: Amendments’ a Specialty

Some of our favorite recent tax fraud cases.

October 31
Tax practice

3 Ways to Capitalize on Your Tax Season Engagements

Every year, accountants and tax professionals brace themselves for the inevitable tax season.

October 30
Tax practice

Lower Corporate Tax Rate Would Reduce Profit Shifting

Reducing the corporate tax rate to 25 to 30 percent would discourage profit shifting by multinationals, according to a new report from the Tax Foundation.

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

October 30
Tax practice

GOP Candidates Debate Their Tax Proposals

A number of presidential candidates have proposed their tax policies, several of which were fleshed out by Republican candidates during Wednesday nights debate.

By Roger Russell
Senior Editor

October 29
Tax practice

In the Blogs: What Not to Fake

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

October 29
Technology

CPA.com Teams with Vertex on Sales Tax Technology

CPA.com, the American Institute of CPAs technology arm, has formed a strategic alliance with Vertex SMB to help CPA firms with sales tax compliance for their business clients.

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

October 29
AT Think Tax Increases Scare Small Business Owners

SurePayroll has released the October edition of its Small Business Scorecard just in time for Halloween.

October 28

Michael Cohn

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.