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.

AT Think Charitable Giving Rebounded This Year

The end of the year is traditionally the time when taxpayers rush to get their last-minute charitable contributions made so they can write off the deductions on their taxes before April 15.

December 30

Michael Cohn
Tax practice

Female CFOs Avoid Risky Tax Strategies

Companies where women are CFOs are less likely to adopt risky tax strategies than companies managed by male CFOs, according to a new academic study.

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

December 30
Tax practice

Tax Season to Start January 20

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

By Roger Russell
Senior Editor

December 29
Tax practice

In the Blogs: What They Don’t Know

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

December 27
Tax practice

On Your Marks

So, what are you forgetting about preparing for next season?

December 26
Tax practice

Tax-Free IRA Transfers to Charity Renewed

The Tax Increase Prevention Act extends the provision that allows certain IRA owners to make tax-free distributions to charity.

By Roger Russell
Senior Editor

December 23
Technology

AccuFund Releases New Version of NFP Software

Nonprofit accounting software developer AccuFund Inc. has released a new edition of its AccuFund Accounting Suite.

By Daniel Hood
Editor-in-chief

December 23

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.