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

Florida CPA Charged with Filing Fraudulent Tax Returns

A Florida CPA has been arrested and charged with using her tax preparation business to facilitate an income tax refund fraud scheme.

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

May 22
Tax practice

In the Blogs: Post-Season’s Greetings

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

May 21
Tax practice

Yahoo Sticks to Spinoff Plan as IRS Triggers Share Slump

Yahoo! Inc. is pushing ahead with plans to spin off its stake in Alibaba Group Holding Ltd. after comments by the IRS triggered a share slump amid concerns the deal could hit a snag.

May 20
Tax practice

Valuations Provide Support for Ad Valorem Tax Savings

In 2013, property taxes on real and personal property owned or leased by businesses accounted for the largest share of total state and local business taxes in the U.S.

May 20
Tax practice

Past Preparers’ Biggest Goofs This Season

Many tax preparers find themselves correcting goofs from clients previous preparers.

May 19
Tax practice

Wolters Kluwer CCH SFS Releases ATX Advantage

Wolters Kluwer Tax & Accountings CCH Small Firm Services has launched a new product bundle that combines tax preparation software with a range of other tools.

By Daniel Hood
Editor-in-chief

May 19
Technology

Avalara Introduces SALT-in-a-Box

Avalara launched SALT-in-a-Box, a no-cost program for accountants and bookkeepers to help their clients proactively identify and address SALT compliance issues.

By Danielle Lee
Editor-in-Chief

May 19

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.