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

Ben Carson's Economist Seeks Tax System Overhaul

Get Thomas Rustici talking about the current state of U.S. economic policymaking, and the adjectives start flowing: Corrupt, worst, wasteful, bloated, dangerous.

September 9
Tax practice

In the Blogs: Trump vs. Block

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

September 8
AT Think Back-to-School Sales Tax Holidays Aren’t Over Yet for Accountants

Now that Labor Day has come and gone, back-to-school sales tax holidays are over for most consumers, but accountants still have to deal with reporting whats taxable and whats not.

September 8

Michael Cohn
Tax practice

Tax Fraud Blotter: Go Directly to Jail

A roundup of our favorite recent tax fraud cases.

September 3
Tax practice

Revenues Up, Block Announces Stock Buyback

H&R Block announced that for the fiscal 2016 first quarter ended July 31 its total revenues increased $4 million, or 3 percent, to $138 million.

September 3
Tax practice

Schroders' Swiss Bank Pays $10.4 Million in Deal with U.S.

Schroders Plcs Swiss bank will pay a $10.4 million penalty to avoid prosecution under a U.S. program that requires participating firms in Switzerland to say how they helped American clients avoid taxes.

September 3
Tax practice

In the Blogs: Old St. Nicked

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

September 3

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.