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

A Seismic Shift’ in the Partnership Audit Rules

Parsing the new partnership audit rules

By Roger Russell
Senior Editor

October 18
Financial planning

Tax Strategy Scan: Rightsizing IRA and 529 Distribution Costs

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

October 17
Tax practice

Self-Filing, or Self-Defeating?

Tax pros discuss do-it-yourself filers

October 17
Financial planning

What All Tax Professionals Should Know About Client Retirement Portfolios

The perilous calculus associated with retirement

October 14
Tax practice

U.S. Adjusts Rules Limiting Corporate 'Earnings Stripping'

The U.S. Treasury Department softened new rules aimed at preventing multinational companies from shifting their profits offshore to lower-tax countriesa response to sustained criticism from big business and from members of Congress, who had asked that they be delayed and scaled back.

October 14
Tax practice

Tax Fraud Blotter: All that Zazz

A roundup of our favorite recent tax fraud cases.

October 13
Tax practice

Treasury Finalizes Earnings Stripping Tax Regulations

The Treasury Department and the Internal Revenue Service have released final regulations on earnings stripping in an effort to reduce the tax benefits of corporate inversions.

By Michael Cohn
Editor-in-chief, AccountingToday.com

October 13

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.