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

IRS Wins First 'Son of Boss' Case

The Internal Revenue Service won its first court case against the questionable tax shelters known as "Son of Boss" on a procedural point.

April 24
Tax practice

Officials Address E-File Issues

Government and software industry officials proclaimed this year's filing season a success, with numbers up in nearly every category.

April 23
Tax research

Block Reaches Tentative $39M Settlement on Loan Suit

H&R Block Inc. hopes that it will be able to put at least one refund anticipation loan lawsuit in its past.

April 23
Tax practice

IRS Won't Blame Taxpayers for Paper Error

The Internal Revenue Service said that the roughly 400 taxpayers who mailed their returns late because of incorrect information in Cleveland's major newspaper will not be penalized by the federal government.

April 19
Tax practice

IRS Site Sets Records on April 17

Taxpayers used the Internal Revenue Service Web site at record levels as the filing deadline approached, the agency said.

April 19
Tax practice

IRS Chasing Symantec for $1B in Taxes

Anti-virus software provider Symantec said that the Internal Revenue Service is seeking roughly $1 billion in additional taxes, with the majority of that figure coming from Veritas Software Corp. -- a business that Symantex acquired in July.

April 18
Tax practice

Those Who Can't Do Taxes, Write Tax Laws

In the glut of stories that came out around Tax Day, one in particular stood out.

April 18

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.