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.

International taxes

Trump widens trade fight to include global taxes, regulation

Trump ordered top economic officials to calculate U.S. tariffs based on the total tariffs and tax, regulatory, currency and any other barriers exports face.

By Bloomberg News

February 14
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

Resources

The latest Accounting Today research and discussion:

Web Seminar Getting Ready for Tax Season

This webinar will offer an update on what to expect in 2027, what to worry about, and what to warn clients about.

Sponsored by 8am CPACharge
Report From pressure to performance: How modern tax leaders solve three defining challenges

Download our report to learn how leading tax teams scale operations, strengthen controls, and respond faster to change with connected workflows.

Partner Insights from Bloomberg Tax
Web Seminar Master your tax season: Practical strategies & tools to grow in 2027

For accounting firm leaders, Q4 isn't just the holiday season. It's the last stretch before tax preparation in the new year hits, and the biggest friction often shows up before any return is even touched: engagement renewals, client intake, and getting the team aligned on how many returns can be processed by when.

Partner Insights from Karbon

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.