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

Tread Lightly in Tax

Why this practice area tops the list in liability claims

November 1
Tax practice

Tax Strategy: The Year of Form 3115

Gearing up for the new repair regs

November 1
Tax practice

In the Blogs: Sports Issues and Boxing Puns

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

October 31
Tax practice

In the Blogs: Plan, Baby, Plan

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

October 31
Tax practice

IRS Adjusts Tax Rate and Deduction Levels for 2015

The Internal Revenue Service announced the annual inflation adjustments for tax year 2015 for more than 40 tax provisions, including the tax rate schedules, and other tax changes.

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

October 30
Tax practice

NCCPAP Warns of Impact of ACA on Tax Season

The National Conference of CPA Practitioners is warning that the complexities of the Affordable Care Act may negatively affect millions of taxpayers in the upcoming tax season.

By Daniel Hood
Editor-in-chief

October 29
Tax practice

IRS Not Providing Identity Theft PIN to All Identity Theft Victims

The Internal Revenue Service is not providing personal identity numbers to all taxpayers who are the victims of tax-related identity theft, according to a new government report.

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

October 28

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.