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.

Technology

How Blockchain Will Change Business Transactions

You may have heard people talking about blockchain technology, but how does it work and what does it mean for tax compliance?

May 31
Tax practice

Trump Gets Chance for Tax Cut by Moving Trademarks to Delaware

As Donald Trump prepared for the Republican primaries, he transferred dozens of his most prized assets, the Trump trademarks that adorn everything from hotels to ties to his U.S. golf courses, into a new Delaware-based companya move that offers him a chance to cut his income-tax bills.

May 31
Technology

Intuit Sees Increases in TurboTax and QuickBooks Online

Intuit reported an increase in users of both its TurboTax Online and QuickBooks Online user base last quarter.

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

May 27
Financial planning

Tax Strategy Scan: Mutual Funds, Friendly and Not

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

May 27
Tax practice

Tax Fraud Blotter: Next Stop, State Pen!

A roundup of our favorite recent tax fraud cases.

May 26
Tax practice

In the Blogs: Taking Sides

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

May 26
Tax practice

Tax Consequences of Saying 'I Do'

With the average cost of a wedding soaring to $30,000, prospective brides and groomsand their parentshave a lot more to worry about than simply planning the details of the day.

By Roger Russell
Senior Editor

May 26

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.