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.

Technology

H&R Block Revamps Tax Software User Interface

H&R Block has improved the user interface for its online and iPad tax preparation software.

December 16
Tax practice

KPMG Foresees Major Business Tax Issues in 2014

KPMG is predicting a dozen key tax issues that will be confronting businesses next year, including the taxation of cloud-related activities, base erosion and profit shifting in multinational corporations, and the far-reaching consequences of the Foreign Account Tax Compliance Act.

December 16
Tax practice

The Road Ahead For Taxes and Washington

As 2013 recedes in the rearview mirror, it is understandable that tax professionals look to the road ahead regarding taxes and Washington.

December 13
Tax practice

Top Ten W-2 and Form 1099 Reporting Myths

As we come down to the wire for the beginning of busy season, its important to review some of the things we may already know, or think we know, about reporting and filing requirements.

By Roger Russell
Senior Editor

December 12
Technology

Aplos Software Offering Year-End Webinar For Nonprofits

Fresno, Calif.-based nonprofit accounting software company Aplos Software announced it will host a series of free webinars for nonprofits about year-end accounting procedures and how to prepare for the new year.

December 12
Tax practice

Tax Prep Fees on the Rise

Tax practitioners will be charging more this year for tax preparation, according to an annual survey by the National Society of Accountants.

December 12
Tax practice

Falling Fees Drive Block Q2 Loss

Tax preparation giant H&R Block reported a loss for the second quarter due to a fall in international tax prep fees.

December 11

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.