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 tools

Canopy closes $20M Series B round

The company has raised $30M to date, and the funds will be used to further develop its tax filing software.

By Ranica Arrowsmith
Technology Editor

March 13
Tax season

H&R Block revenue drops early in tax season

H&R Block Inc. reported that its revenues declined $22.7 million in the third fiscal quarter of 2017 due to the delayed tax season.

By Jeff Stimpson
Freelance writer

March 12
Identity theft protection

Applicants sought for IRS electronic tax committee

The IRS is seeking nominees for its Electronic Tax Administration Advisory Committee.

March 12
Corporate taxes

10 things to know about the report saying companies don’t pay taxes

Once health care is tamed, President Donald Trump and Congress will turn to other bears, such as the byzantine U.S. tax code. Conveniently, a new report has come out on legal tax avoidance.

March 10
Tax season

Americans aren’t filing their taxes this year

More than halfway through the 2017 filing season, the IRS reported receiving 5.7 million fewer individual returns than at a comparable point last year.

March 10
Student loans

IRS student loan link goes dark

Security concerns could keep the data tool down for weeks.

By Jeff Stimpson
Freelance writer

March 10
AT Think New partnership audit rules require major decisions

Strategic decisions should be considered that make it important to understand the regulations and their impact.

March 10

Seth Cohen

Withers Bergman

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
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.