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 planning

New York Firm Appoints New Managing Partner

Accounting firm Rosen Seymour Shapss Martin & Co. has named a new managing partner, Martin L. Greenberg.

November 10
Wealth management

Obama Presidency Could Worry Tax Clients

A tax attorney predicts that small businesses and high-net-worth individuals will need tax-planning advice to help protect their assets from anticipated changes in tax law.

November 7
Tax practice

Obama to Push for Stimulus

President-elect Barack Obama is expected to begin working on passing an economic stimulus package, possibly even before he takes office.

November 6
Tax practice

Voters Reject State Tax Measures

Tax-related ballot initiatives went down to defeat in several states, including one in Massachusetts that would have repealed the state income tax.

November 6
Tax practice

Mother-and-Son Tax Preparers Plead Guilty

Alma J. Batson and her son Kelcee L. Batson, operators of a tax prep business in Riverside, Calif., have pleaded guilty to federal tax charges.

November 6
Tax planning

Pro Baseball Players May Avoid Obama Tax Hike

Major League Baseball players and their agents are already looking for ways to skirt a steep income tax hike after President-elect Barack Obama takes office.

November 6
Tax practice

Election Results Will Shake up Congressional Committees

The results of Tuesday's election are increasing the balance of power on the Democratic side of the aisle in both the House and Senate.

November 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.