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.

Financial reporting

Accounting Today March 2012 Digital Edition

Check out the digital edition of the March 2012 issue of Accounting Today.

March 9
Tax practice

Senate Passes Amendment to Fight Offshore Tax Abuses

The Senate adopted an amendment to a larger highway transportation bill on Thursday aimed at cracking down on foreign tax havens.

March 8
Tax practice

Congress Mulls Tax Changes for Closely Held Businesses

The House Ways and Means Committee held a hearing to consider changing the tax treatment of closely held businesses in the context of overall tax reform efforts.

March 8
Tax practice

Obama Pushes Business Tax Reform Proposals

President Obama pressed for business tax reform in a speech before a group of business executives.

March 7
Tax practice

New Mobile App for Tax and Accounting Research

Online accounting industry directory CPAdirectory.com has launched Ask a CPA, a free iPhone and iPad app designed to help consumers, businesses, and accounting and tax professionals with relevant tax and accounting related research and questions.

March 7
Technology

CCH Restructures Publishing Organization

CCH has reorganized its publishing groups, creating and eliminating several positions at the accounting and tax research and software provider, while focusing more on the company's mobile technology development.

March 6
Tax practice

IRS Offers Advice for Avoiding Phony Tax Scheme

The Internal Revenue Service is providing tips to help taxpayers avoid a new tax scam involving bogus college tuition tax credits.

March 6

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.