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.

  • In a new report to Congress, the Government Accountability Office takes a hard look at how the Internal Revenue Services manages its paperwork and customer service.

    November 17
  • In a 25-page response NCAA president Myles Brand made an adamant case for his association’s tax-exempt status, following questions raised by the outgoing chairman of the House’s Committee on Ways and Means.Brand cited new NCAA penalties for poor team-wide academic performance and rising player graduation rates as evidence of the association's attention to education, adding that school spending on athletics -- including hikes in coaches' salaries -- are driven by a media and consumer market beyond the association’s control.

    November 17
  • An average refund of $963 is waiting for 95,746 taxpayers whose refund checks have been returned to the Internal Revenue Service as undeliverable.

    November 17
  • New guidance from the Internal Revenue Service stresses the need for employers to track the amount of expense reimbursement allowances paid to employees on a per diem basis.

    November 16
  • Intuit Inc. has rolled out a new product, Source Doc Auto-Entry, which allows accountants to scan and import client data from common tax documents and import that data directly into the company’s Lacerte and ProSeries software.The solution is designed to work with most Twain-compliant scanners (a category most newer scanners fall into) and will allow tax preparers to digitally scan several client documents simultaneously, including such forms as W-2s, 1099-INTs and 1099-DIVs.

    November 16
  • The U.S. Tax Court has again rejected a taxpayer’s attempt to pin the blame for their negligent tax return on tax preparation software.On Nov. 9, the court handed down an opinion finding against a petition filed in New Jersey by Henry R. Broderick.

    November 15
  • A partnership between Wolters Kluwer business CCH and consulting firm National Tax Credit Group LLC will allow the companies to offer online delivery of federal and state location-based incentive information.

    November 15
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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.