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

IRS Clarifies Tax-Free IRA Rollover Limit

The Internal Revenue Service has issued guidance clarifying the impact that a 2014 rollover of an individual retirement arrangement has on the one-per-year limit imposed by the Tax Code on tax-free rollovers between IRAs.

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

November 11
Tax practice

The IRS Reminds Tax Pros of Direct Deposit Limits

The IRS is reminding tax professionals and taxpayers that procedures kick in this January to limit to three the number of refunds electronically deposited into a single financial account or onto a pre-paid debit card.

November 10
Tax practice

Ernst & Young Releases New Tax Guide for 2015

Ernst & Young has published the latest annual edition of its tax guide, the EY Tax Guide 2015.

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

November 10
Tax practice

Intuit Offers Classes on ACA

Intuit is now offering guidance for tax pros on the Affordable Care Act.

November 6
Tax practice

Tax Strategies Scan: Congress and Year’s End

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

November 6
Tax practice

In the Blogs: Fears without End

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

November 5
Tax practice

Tax Reform Tough to Accomplish in Republican-Held Senate

Both parties in Congress agree the U.S. Tax Code is a mess and needs to be revamped. That doesnt mean it will happen.

November 5

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.