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

Bilingual Tax Software Released

New America Software has formally released its MultiTax software for download after about a year of beta testing with various tax preparation businesses.

By WebCPA Staff

September 18
Tax practice

CCH Provides Info on Low-Tax Countries

CCH has introduced a new research product with up-to-date information on 20 jurisdictions that offer low tax rates.

By WebCPA Staff

September 15
M&A

Thomson Reuters to Buy Deloittes Abacus Business

Thomson Reuters Tax & Accounting business plans to acquire Deloitte LLPs Abacus Enterprise suite of tax software products.

By WebCPA Staff

September 14
Technology

CCH Intros European Tax Rate Service

CCH has expanded its lineup of global tax products with Worldwide Tax Rates and Answers: Individuals, an online tax compliance and research service that covers the European Union.

By WebCPA Staff

September 8
Tax practice

H&R Block Q1 Net Loss Widens

H&R Block reported a consolidated net loss for the first quarter of $133.6 million, or 40 cents a share, with much of the loss attributed to tax operations.

By WebCPA Staff

September 4
Tax practice

Maybe We Need Cash for Clunker Tax Returns

The government is about to start offering a Cash for Clunkers type of program for old inefficient appliances this fall, so why not cash for clunker tax returns and financial statements?

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

September 1
Technology

CCH Offers International Corporate Tax Calculators

CCH has introduced Worldwide Tax Rates and Answers: Calculators, a set of software calculators that help accountants calculate corporate income tax and withholding tax liabilities in 90 countries around the world.

By WebCPA Staff

August 31

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.