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

Are You Prepared?

Tax professionals face a host of new issues for next tax season, starting right now

By Roger Russell
Senior Editor

November 26
Technology

CPA.com and Vertex SMB Release Product Taxability Tool

CPA.com and corporate tax software and services provider Vertex SMB have launched a tool to help accounting firms advise clients on which products are subject to sales and use tax.

November 23
Tax practice

In the Blogs: With Great Abandon

Highlights of some of our favorite tax-related blogs from the past week.

November 22
Tax practice

Trump Foundation Says It Engaged in 'Self-Dealing' in IRS Filing

Donald Trumps charitable foundation said on an Internal Revenue Service filing that it violated rules preventing leaders of nonprofit organizations from using a charitys money to benefit themselves or other disqualified people.

November 22
AT Think Household Employment Tax Changes May Be Coming under Trump

Donald Trumps incoming administration may decide to make some changes in tax policy for household employers and employees, including an idea that Trump credited to his daughter Ivanka to allow parents to deduct childcare expenses from their taxes.

November 22

Michael Cohn
Tax practice

Planning Ahead for Next Year's Tax Changes

How the new deadline for Form 1065 will affect businesses and individuals.

By Pat Connolly
Tax partner

November 22
Financial planning

Tax Strategy Scan: The Tax Cost of Dividend Investments

Our weekly roundup of tax-related investment strategies and news your clients may be thinking about.

November 22

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.