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.

Politics and policy

Trump and the GOP won a huge election for taxes. Now for the tricky part

The numbers are getting murkier, and the politics with a slim majority in the House and the minutiae of Senate reconciliation rules look anything but easy.

By Tobias Salinger
Chief Correspondent

November 18
IRS

IRS reforms bring relief, but Trump win clouds future plans

Donald Trump's re-election brings uncertainty to the tax landscape, including proposals for both numerous tax breaks and funding cuts to the IRS.

By Frank Gargano
Data Reporter

November 18
Donald Trump

Republican election sweep emboldens Trump's tax cut dreams

The incoming GOP majorities in the House and Senate mean Trump can enact a tax bill without making concessions to Democrats.

By Mark Niquette
Reporter

November 15
Tax-related court cases

Tax Fraud Blotter: No risk

Everything must go; have con, will travel; gold rush; and other highlights of recent tax cases.

By Jeff Stimpson
Freelance writer

November 14
Sales tax

Sotheby's pays $6M to settle NY sales tax evasion probe

The auction house was accused of advising wealthy clients they could avoid sales taxes by falsely claiming they were buying art for resale purposes.

By Erik Larson
Reporter

November 14
Technology

April releases solution for complex tax situations

AprilPro addresses issues ranging from K-1s and 1099s to AMT calculations and real estate investments.

By Chris Gaetano
Technology Editor

November 13
IRS

Clock is ticking for renewal for some EAs

The IRS is reminding Enrolled Agents with SSNs ending in 0, 1, 2 or 3 that they need to renew their enrollment.

By Jeff Stimpson
Freelance writer

November 13

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.