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.

  • Attend this web seminar, "Increasing Profits this Tax Season with Organized, Indexed Client Tax Documents: A Guide to Evaluating Which Solutions Make Sense for Your Firm," to learn how organizing and indexing client tax documents can increase your firm's productivity and profitability this tax season.

    December 13
  • The congressional delay on extending provisions of the Alternative Minimum Tax will likely not impede Intuit's ability to get its tax software out on time, according to senior vice president Brad Smith.

    December 12
  • CCH has introduced an online product that provides tax research and compliance information for doing business in emerging markets around the world.

    December 12
  • The Internal Revenue Service and the Treasury Department are evaluating the single-rate business tax recently adopted by Mexico to determine whether it can be credited under the terms of a treaty aimed at avoiding double taxation.

    December 12
  • H&R Block delayed its Form 10-Q filing for its fiscal 2008 second quarter after hiring a new auditor, but reported a wider loss as the tax prep giant continues to experience fallout from its mortgage business.

    December 12
  • As increasing client demand for tax services often exceeds a firm's manpower and resources, many firms are turning to outsourcing services and solutions to save time and expenses while increasing profitability. Listen to how one firm did it during an online session on Tax Prep Outsourcing.

    December 12
  • CPA firm Argy, Wiltse & Robinson has acquired Spear Safer CPAs & Advisors, allowing the Virginia-based firm to expand further in South Florida.

    December 11
Resources
The latest Accounting Today research and discussion:




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.