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.

Tax evasion

UBS set to settle Credit Suisse US tax evasion case, WSJ reports

UBS Group is close to making a settlement of at least hundreds of millions of dollars over violations by Credit Suisse of a decade-old agreement with the DOJ.

By Bloomberg News

January 9
Growth Content

The best and worst states for sales taxes

Data from the Tax Foundation's 2025 State Tax Competitiveness Index ranked which states compete on sales and excise taxes, and which don't.

By Editorial Staff

January 9
IRS

Taxpayer Advocate spotlights IRS delays in ERC claims

Taxpayer Advocate Erin Collins released her annual report, highlighting improvements in taxpayer service, but pointing to persistent delays.

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

January 8
Tax fraud

Tax fraudster ordered to reveal Bitcoin access codes to $124M

An early Bitcoin investor sentenced to two years in prison for tax fraud related to cryptocurrency sales has been ordered to disclose his secret pass codes.

By David Voreacos

January 8
Tax cuts

Trump calls SALT-focused Republicans to Florida before tax fight

About 20 GOP House members from New York, New Jersey and California were invited to Mar-a-Lago ahead of a looming fight over the 2017 tax cuts.

By Bloomberg News

January 8
AT Think In the blogs: Great minds

Trump's tax policy guy; states copy the feds; what's in a name; and other highlights from our favorite tax bloggers.

January 7

Jeff Stimpson
IRS

IRS, Treasury finalize rules for clean electricity tax credits

The Treasury Department and the Internal Revenue Service released final rules for the Clean Electricity Investment and Production Tax Credits in Sections 45Y and 48E of the Tax Code.

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

January 7

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.