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.

Audit

By the numbers: Growth in CAS, IRS Criminal Investigation

The latest data on revenue growth for CAS practices, statistics from IRS Criminal Investigation for the full year of 2024, and other major metrics.

By Editorial Staff

January 16
IRS

IRS proposes regs for corporate splits, reorgs

The IRS and the Treasury Department issued proposed regs and reporting requirements for multiyear corporate separations and a draft form.

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

January 15
Technology

Tax automation tools top firms' wishlists

A survey from Wolters Kluwer found that accounting firms are planning major tech investments in 2025.

By Chris Gaetano
Technology Editor

January 15
IRS

IRS Advisory Council names 18 new members

The newly appointed council members will serve three-year terms.

By Jeff Stimpson
Freelance writer

January 15
International taxes

World readies for Trump tariffs

Shortly after Trump's victory, countries began quietly looking for ways to avoid tariffs — or to retaliate.

By Bloomberg News

January 15
IRS

Tax pros brace for 2026: Trump, TCJA extensions and crypto

The Internal Revenue Service ended 2024 with new regulations on reporting cryptocurrency transactions, amendments for outdated provisions and more.

By Frank Gargano
Data Reporter

January 15
AT Think In the blogs: Buzzing sounds

Flat tax; doubts about 'automatic' IRS calculations; when to shred; and other highlights from our favorite tax bloggers.

January 14

Jeff Stimpson

Resources

The latest Accounting Today research and discussion:

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
Web Seminar Tax Planning for 2027

This webinar will look at key opportunities and stumbling blocks for practitioners

Sponsored by 8am CPACharge
Web Seminar From tax question to tax strategy: Turning everyday client conversations into advisory opportunities

This webinar demonstrates how firms can uncover planning opportunities hidden within everyday client conversations and transform routine compliance discussions into higher-value advisory engagements.

Partner Insights from Intuit

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.