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.

AT Think Tax Strategy: The difficult road to tax legislation in 2025

While Congress and the Trump administration seem to want major tax legislation this year, it looks like it is going to be a very difficult process.

March 20

Mark A. Luscombe

Wolters Kluwer Tax & Accounting
Tax season

Love among the deductions: Dating filing jointly

Filing before the deadline is an attractive trait for a potential date, say young daters.

By Jeff Stimpson
Freelance writer

March 20
IRS

Crowds became unruly during IRS tax events last year

Internal Revenue Service employees faced threats of assault during Saturday tax assistance events in 2024, according to a recent report.

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

March 19
AT Think How 1099-DA is impacting state-level reporting

The regulatory environment for digital assets will have significant implications for state-level reporting requirements.

March 19

Wendy Walker

Sovos
IRS

West Virginia weather victims get tax relief

The IRS is pushing back filing and payment deadlines to Nov. 3.

By Jeff Stimpson
Freelance writer

March 19
Tax season

No dumb questions: What clients are asking this tax season

Are tax prep clients' weird questions actually weirder this year, or does it just seem that way?

By Jeff Stimpson
Freelance writer

March 19
AT Think In the blogs: Recovery mode

Muni bonds and taxes; BE-10 time; a troubling history; and other highlights from our favorite tax bloggers.

March 18

Jeff Stimpson

Resources

The latest Accounting Today research and discussion:

Web Seminar Tax season post mortem

Join us for a transparent look at the challenges facing firms this year and how to overcome them for 2027.

Partner Insights from Canopy
Web Seminar Rethinking busy season: A modern operating model for K-1s

Busy season is over—but the bruises are still fresh. Many firms expected smoother K-1 workflows, yet encountered the same familiar bottlenecks, last-minute delays, and staff burnout. Instead of tweaking around the edges, we'll explore a modern operating model for managing K-1s at scale – from intake through exchange – designed to reduce rework, cycle time, and eliminate seasonal chaos.

Partner Insights from K1X
Tariffs and your clients

Dean Peterson and Blair Robbins of Eisner Advisory Group discuss the tax and business ramifications of the Trump administration's tariff policies that accountants should be advising clients about.

Sponsored by Intuit Quickbooks

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.