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 Strategy: Tax Proposals in the 2016 Budget Request: Where Might Congress Agree?

There are pieces in the budget that may form key elements of negotiations between Congress and the White House

March 8
Financial planning

Tis the Season to Step It Up

Now is the time to take your clients to the next level

March 8
Tax practice

Smooth Sailing ... So Far

Tax business is booming this season, and problems are rarer than ever

By Roger Russell
Senior Editor

March 8
Tax practice

Tax Fraud Blotter: Miami Vice

Some of our favorite recent tax fraud cases.

March 7
Tax practice

Cover Charge: How the ACA Is Affecting Fees

There's no dodging those three little letters anymore: The tax prep requirements of the ACA, or Obamacare, are now due.

March 6
Tax practice

Tax Strategies Scan: Tax Moves That Can Save Your Client a Bundle

Our weekly roundup of tax-related investment strategies and news your clients may be thinking about.

March 6
Tax practice

IRS Answers Questions on Tangible Property Repair Regs

The Internal Revenue Service has released a set of frequently asked questions and answers in an effort to clarify its tangible property repair regulations.

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

March 6

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.