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.

Financial planning

Tax Strategy Scan: The Tax Advantages of Old Age

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

February 19
Tax practice

Tax Strategies Scan: Max Out Benefits for Student Loan Borrowers

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

February 18
Tax practice

Expand Your Client Base This Busy Season

Tax season may not be the easiest time for preparers to develop new business, but it may be the best time, according to Chuck McCabe, president of Peoples Income Tax.

By Roger Russell
Senior Editor

February 18
AT Think Are Millennials Afraid to File Their Taxes?

Millennials are more fearful of filing taxes than most Americans, according to a new survey.

February 18

Michael Cohn
Tax practice

IRS Urged to Close Security Vulnerability in IRS E-File PIN Page

The Internal Revenue Service is being urged to fix a security vulnerability that makes it all too easy to get an Electronic Filing PIN used by tax preparers.

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

February 18
Tax practice

IRS Warns of Surge in Phishing and Malware Schemes Targeting Preparers and Taxpayers

The Internal Revenue Service warned Thursday it has seen a fourfold surge this tax season in email phishing and malware incidents, targeting consumers and the tax industry.

February 18
Tax practice

Court Shutters Nationwide Tax Prep Chain

A federal court in Chicago has ordered Servicios Latinos Inc. to close its nationwide tax preparation business.

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

February 18

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.