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-related court cases

Tax Fraud Blotter: Shame shame

Careless; the PTIN shuffle; time for Time; and other highlights of recent tax cases.

By Jeff Stimpson
Freelance writer

February 13
Sales tax

Elections, inflation drive sales tax pressures

Expect rates to rise and audits to increase as cash-strapped states and localities feel the crunch.

By Roger Russell
Senior Editor

February 13
IRS

Filing trends to watch during the 2025 tax season

As the new year's tax season begins, a look back at lessons from the 2024 filing season.

By Editorial Staff

February 13
Tax cuts

House GOP takes first step toward tax cuts, debt limit increase

The proposal aims to smooth the passage of Trump's top legislative priorities.

By Erik Wasson and Billy House

February 12
Tax credits

US carmakers push for EV credits to be phased out

Automakers are lobbying against lawmakers immediately ending popular electric-vehicle tax credits that President Trump has railed against.

By Bloomberg News

February 12
AT Think In the blogs: Just a sense

Tariffs' effects; the right CMS; new blog on the block; and other highlights from our favorite tax bloggers.

February 11

Jeff Stimpson
AT Think What's ahead in CPA practice operation under Trump 2.0?

What will the tax implications be for CPA clients and practice owners? Where are interest rates headed? What about inflation?

February 11

Rick Dennen

Oak Street Funding

Resources

The latest Accounting Today research and discussion:

Web Seminar Tax season postmortem: What to fix for 2027

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

Partner Insights from Canopy
On-Demand 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.