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 Fraud Blotter: Tax Lady Cleared

A roundup of our favorite recent tax fraud cases.

December 1
Tax practice

Election-Driven Expats May Want to Reconsider

If your clients are upset by the outcome of the election, there are some things they should know before they book a one-way ticket out of the country.

By Roger Russell
Senior Editor

December 1
Tax practice

New Tool Helps Taxpayers with IRS Inquiries

The Internal Revenue Service has launched an online application to help taxpayers with straightforward balance inquiries.

December 1
Tax practice

Tax Strategy

The impact of the election on tax issues

December 1
Tax practice

Trump Wants No Absolute Tax Cut’ for Upper Class: Mnuchin

(Bloomberg) Donald Trumps nominee for Treasury secretary said Wednesday that the president-elects tax plan wont ultimately cut taxes for the upper class.

November 30
Tax practice

Time to Plan for the Death of the Death Tax?

Some of the wealthiest families in the U.S. are hoping for a $21 billion benefit from President-elect Donald Trump next year.

November 30
Technology

New Products -- December

A roundup of new software, hardware, books and services for accountants and tax professionals.

November 30

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.