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

Wolters Kluwer Estimates Tax Brackets for 2016

Wolters Kluwer Tax & Accounting US is offering its predictions for the estimated ranges for each 2016 tax bracket, based on the inflation data released this week by the U.S. Department of Labor.

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

September 17
Tax practice

Thomson Reuters Offers Tax Fundamentals Certificate

Thomson Reuters has introduced a Tax Fundamentals Certificate Program for tax professionals and those who help them.

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

September 17
International taxes

Ernst & Young Merges in Tax Law Firm Burt, Staples & Maner

The tax law firm Burt, Staples & Maner LLP has joined Ernst & Young as the accounting firm expands its international tax practice.

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

September 17
Tax practice

IRS App Offers Payment Options

The IRS2Go app can now be used to make payments, as well as check refund status and receive tax tips.

September 16
Tax practice

Bloomberg BNA Predicts Lower Tax Bills in 2016

Bloomberg BNA has released a report on projected 2016 tax rates, providing a detailed forecast of inflation-adjusted tax items.

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

September 16
Tax practice

Thomson Reuters Projects Inflation-Adjusted 2016 Income Tax Rates

Thomson Reuters is forecasting the tax rates for next year and predicting they will be adjusted upward in line with modest inflation.

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

September 16
Tax practice

In the Blogs: Nervous About the Service

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

September 15

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.