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

Tax Season Essentials: Amended Returns Increase Refunds

Amended returns are available for taxpayers who forget toclaim extra tax benefits and can bring in extra money later, CCH noted.

April 15
Tax practice

IRS Makes Some Card Fees Deductible

The Internal Revenue Service said that it would make some credit and debit card convenience fees tax-deductible, but only under certain circumstances.

April 8
Tax season

States Hike Sales Tax Rates to New Records

The economic crisis is forcing many states and cities to increase their sales tax rates to the highest average level ever, according to a new report.

April 8
Tax practice

IRS Offers New Free Way to File for Extensions

This year, the Internal Revenue Service is offering a new way to file an extension request for free.

April 7
Tax practice

Grassley Praises IRS for Hiring Veterans

Sen. Charles Grassley, R-Iowa, has commended the Internal Revenue Service for hiring more than 1,000 veterans last year.

April 7
Tax practice

IRS Takes Slow Train to Security Fixes

The Internal Revenue Service has made slow progress in implementing federally required security settings on nearly 100,000 desktop and laptop computers, said a newly released report.

April 6
Tax practice

BDO Partner Charged with Tax Crimes

A federal grand jury has returned an indictment charging a BDO Seidman partner with tax charges for attempting to help one of his clients evade income taxes.

April 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
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.