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: A Litany of Excuses

A roundup of our favorite recent tax fraud cases.

October 3
Technology

Greatland Launches Early Release of Yearli Performance

Greatland launched an early release of its Yearli Performance software for businesses to prepare for filing the new Forms 1095-C, required this year by the Affordable Care Act.

By Danielle Lee
Editor-in-Chief

October 2
Tax practice

IRS Begins Exchanging Tax Info with Other Countries under FATCA

The Internal Revenue Service said Friday it has met a key milestone relating to the Foreign Account Tax Compliance Act, or FATCA, having begun exchanging tax information with certain foreign governments in time to meet a Sept. 30, 2015 deadline.

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

October 2
Tax practice

Senate Scrutinizes Improper Tax Payments and Rogue Preparers

The Senate Finance Committee held a hearing on improper payments, including what role is played by tax preparers in claiming the Earned Income Tax Credit on behalf of clients.

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

October 2
Tax practice

IRS Needs to Keep Better Tabs on International Taxpayer Correspondence

The Internal Revenue Service is having trouble keeping track of correspondence with international taxpayers, according to a new report.

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

October 1
Tax practice

In the Blogs: Shutdown Corner

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

October 1
Tax practice

Tax Strategy

2015 year-end tax planning whats new

September 29

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.