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.

IRS

IRS marks Tax Day amid layoffs, cutbacks

The Internal Revenue Service commemorated the 70th anniversary of the April 15 tax filing deadline.

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

April 15
Tax relief

Tennessee, Arkansas weather victims get tax relief

The IRS is pushing back filing and payment deadlines statewide for those impacted by local storms, tornadoes and flooding.

By Jeff Stimpson
Freelance writer

April 15
Tax rates

Millionaire tax-hike talks gain steam

Republicans in the White House, Senate and House are drafting analyses on how best to craft a new tax bracket for the wealthiest Americans.

By Saleha Mohsin and Erik Wasson

April 15
AT Think Don't overlook the power of Google reviews

If you don't think clients and prospective clients are checking out your Google reviews, think again.

April 15

Kyle Walters

L&H CPAs and Advisors
IRS

On Tax Day, the implications of a Trump-era IRS still taking shape

How honest will Americans be about their income when there are suddenly fewer auditors to check them?

By Erik Wasson
Capitol Hill reporter

April 15
Tax exemptions

Trump threatens Harvard's tax-exempt status

Harvard's tax-exempt status affords the school a variety of benefits, such as not having to pay traditional property taxes on educational buildings.

By Amanda Albright
Reporter

April 15
Treasury Department

Bessent says 'Everything's on the table' for taxes on wealthiest

The Treasury Secretary said the administration and the GOP are looking at a range of ways to help pay for President Trump's tax agenda, including extending his 2017 tax cuts.

April 14

Resources

The latest Accounting Today research and discussion:

Special Report The Future of Tax Services

Tax compliance will never go away, but more and more it will only be the foundation of much more profitable tax planning and tax advisory offerings — provided they start taking the right steps to build up those services.

Sponsor Content from Accordance Aug 2026
On-Demand 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
On-Demand 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

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.