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.

Audit

TaxACT Releases 2014 Tax Prep Tools

Tax prep and filing vendor TaxACT has released its 2014 federal software for 1040, 1065, 1120S, 1120 and 1041 returns.

October 9
Tax practice

In the Blogs: Practice to Be Perfect

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

October 8
Tax practice

Identity Theft and Taxes

Identity theft is a growing and frustrating problem in todays world.

October 8
Tax practice

IRS Chief Warns Congress about Possible Delay to Tax Season from Unresolved Tax Extenders

Internal Revenue Service commissioner John Koskinen has written a letter to the leaders of Congresss main tax committees urging them to decide soon on what to do about extending dozens of expired tax provisions, or else next tax season and the processing of tax refunds could be delayed.

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

October 7
Tax practice

Tax Strategies Scan: MLPs, RMDs, IRAs, Etc.

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

October 3
Technology

The Automated Tax Office

A new set of automated processes can be just the thing to set a tax firm apart.

October 3
Tax practice

Intuit, AmEx Team on Refund Option

QuickBooks maker Intuit and American Express now offer eligible preparers the option of putting some clients IRS refunds on a new American Express Serve Card, a reloadable prepaid account.

October 3

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.