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

Working on a Roller Coaster: Federal Tax Planning in 2012

Political gamesmanship in Washington is having a detrimental effect on federal tax planning.

May 30
Tax tools

P&N's Peroyea Honored

Top 100 Firm Postlethwaite & Netterville's Melissa Peroyea receives Health Care Leadership Award

May 30
Technology

Company Plans to Set up Tax Credit Trading Exchange

A company that hopes to establish an online marketplace for trading tax credits said Wednesday that it has closed a seed funding round of more than $350,000 to develop the technology.

May 30
Tax practice

CCH and CCH SFS Report Record E-Filing Tax Season

More electronically filed tax returns were processed this tax season by CCH electronic filing systems than ever before.

May 29
Tax practice

CFOs Want More Certainty in Tax Code

Certainty in the Tax Code has become even more important than a reduction in tax rates, according to a survey of 800 CFOs and senior financial executives in the U.S.

May 29
Tax practice

House Plans Vote on Tax Cut Extension

House Republicans said they plan to schedule a vote on extending the Bush tax cuts before August.

May 29
Tax practice

Obama Calls for Extension of Wind Energy Tax Credits

President Obama urged Congress to extend expiring tax credits for wind energy and other forms of clean energy.

May 25

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
On-Demand 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.