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

Filed Your Taxes? Good. (Or Is It?)

Your dental surgery. Your colonoscopy. Your income taxes. There's always a massive bout of procrastination across the U.S. in the weeks leading up to Tax Day, which is April 18 this year.

March 29
Tax practice

IRS Improves Phone Call Responsiveness

The Internal Revenue Service has been improving its timeliness in responding to taxpayer calls thanks to some extra money from Congress this year.

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

March 28
Tax practice

Young, Broke, and Scared of the IRS: The Millennial Tax Trap

NOTICE OF INTENT TO LEVY: It wasn't a very nice way to begin a letter, but then, it was from the Internal Revenue Service, and it got Greg's attention.

March 28
Tax practice

Tax Fraud Blotter: Guilty, with a Bullet

A roundup of our favorite recent tax fraud cases.

March 26
Tax practice

In the Blogs: Dark Linings

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

March 26
Tax practice

Back to Normal?

Closing out a season marked by less drama, and the usual hurdles

By Roger Russell
Senior Editor

March 25
Tax practice

Permanent Qualified Small Business Stock Exclusion Encourages Funding

While it has been around in a variety of forms since 1993, the exclusion for Qualified Small Business Stock Gains under section 1202 of the Tax Code didnt really come into its own as a tax benefit until the exclusion rate increased to 100 percent in 2010.

By Roger Russell
Senior Editor

March 24

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.