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

Conquering the Nanny Tax

Now that the school year has ended, it is time to consider childcare and taxes during the summer months.

June 30
Technology

Flowing Through Tax Prep

Workflow tools can make your processes better

June 30
Tax practice

Wolters Kluwer Issues Tax Briefings on Supreme Court Rulings and Trade Bill

Wolters Kluwer Tax & Accounting US has released two new tax briefings on the Supreme Courts rulings last week on the Affordable Care Act and same-sex marriage, along with trade legislation that contained several tax provisions.

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

June 30
Tax practice

Lagos Tax Agents Turn Death Threats into Praise as Oil Drops

Tunde Fowler used to get death threats when he began collecting levies in Nigerias commercial hub of Lagos 10 years ago. Today he gets hailed as Tax Muyiwa, a nickname that means bring your tax in the local Yoruba language.

June 29
Technology

Case Studies: Sales and Use Tax

Two firms share their experiences with major sales & use tax packages

By Danielle Lee
Editor-in-Chief

June 28
Tax practice

Tax Fraud Blotter: Brother, Can You Spare a Dependent?

Some of our favorite recent tax fraud cases.

June 28
Tax practice

IRS Releases Latest Filing Season Stats

The IRS reports that it processed 132,719,4656 returns from last season through May 28.

June 26

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.