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: Celebritytaxcrime

A roundup of some of our favorite recent tax fraud cases.

April 17
Tax practice

In the Blogs: Cake, Anyone?

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

April 17
Tax practice

What CPAs Should Know about Pass-Through Entities and IRS Form 8971

Many CPAs are involved with estate planning and need to determine the assets and liabilities of a client.

April 15
Tax practice

Congress Should End the Pass-Through’ Tax Burden

Most people think of April as income-tax month for individuals, but its also the biggest business tax-filing month of the year. Why? Because four out of every five U.S. businesses are pass-throughs, meaning they are taxed on individual returns at individual rates.

April 15
Tax practice

A Tax Shelter for the Rich Sports Fan with 500 Hours to Spare

Why would anyone spend $24 million to buy a 1 percent stake in the New York Yankees? Minority ownership seems like a lose-lose proposition: A lot of money for very little power. For wealthy sports fans, though, its cooland can be one heck of a tax shelter.

April 15
Tax practice

Would You Like the IRS If It Looked Like This?

It's impossible to imagine the IRS ever changing its image. Or is it? Three leading global design and brand strategy firms give it a try.

April 15
Tax practice

Internet Killed the Tax Day Party

At the post office in Lawrence, Kansas, filing your taxes used to be an excuse to party.

April 15

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.