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

Tell Clients to File Their Taxes Early

The Internal Revenue Service announced that it anticipates opening the 2015 filing season as scheduled in January.

By Roger Russell
Senior Editor

January 8
Tax practice

Intuit Launches Tax Pros’ Guide to ACA

Intuit has unveiled a free online resource to help tax professionals understand and prepare for the tax implications of health-care reform.

January 8
Tax practice

Treasury and HHS Prepare for Tax Season ACA Questions

The Treasury Department and the Department of Health and Human Services are getting ready for the 2015 tax-filing season and the onslaught of questions they anticipate about the Affordable Care Act.

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

January 8
AT Think Most Tax-Friendly States for New Year’s Resolutions

The Tax and Accounting business of Thomson Reuters has released a list of states whose tax codes make it easiest for people to keep their New Years resolutions.

January 7

Michael Cohn
Tax practice

3 Resolutions to Position Your Accounting Firm for 2015

Once busy season begins, youll have precious little time to consider whether your accounting firm has made the right moves to build client relationships and grow in 2015.

January 7
Tax practice

In the Blogs: Circuits du Soleil

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

January 6
Tax practice

Tax Advisors Foresee More Tax Reform in 2015

Last year was characterized by fundamental changes across the global tax landscape as governments looked to reform how multinational corporations are taxed, and 2015 promises more of the same.

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

January 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.