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: Completely Guilty

A couple of our favorite recent tax fraud cases.

October 25
Tax practice

Tax Strategy

Planning for same-sex couples after Obergefell

October 25
Financial planning

Tax Strategies Scan: Avoiding Taxes on Home Sale

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

October 25
Tax practice

Piguet Galland Will Pay $15.4 Million in U.S. Tax Settlement

Piguet Galland & Cie SA will pay $15.4 million to avoid prosecution under a U.S. program that requires participating firms in Switzerland to say how they helped American clients dodge taxes.

October 23
Tax practice

In the Blogs: How to Lose Money

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

October 22
AT Think IRS's Proposed Changes to Foreign Goodwill Exception Worry Multinationals

The Internal Revenue Service recently proposed regulations that could have a big impact on U.S.-based multinational corporations that are considering incorporating a foreign branch operation or transferring intellectual property abroad.

October 22

Michael Cohn
Tax practice

When Hassle Calls Are Useful

Its just not in the nature of most accountants to make hassle calls to taxpayer clients who are late coming in to get their returns prepared and filed.

By Roger Russell
Senior Editor

October 22

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.