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 season

Jackson Hewitt looks to hire thousands for tax season

The tax prep giant is once again looking to bring on 18,000 seasonal workers.

By Jeff Stimpson
Freelance writer

November 21
Finance, investment and tax-related legislation

Tough choices ahead in the federal, state and local tax landscape

Who controls how many branches of government is having repercussions at every level.

By Roger Russell
Senior Editor

November 21
Technology

TaxPlanIQ releases pricing tool for advisory services

TaxPlanIQ released a new workbook and calculator for its ROI Method of Value Pricing for advisory services.

By Chris Gaetano
Technology Editor

November 20
Technology

Intuit and H&R Block fall on report of 'DOGE' interest in tax app

The leaders of President-elect Donald Trump's "Department of Government Efficiency" discussed creating a new way for Americans to file their taxes.

By Bloomberg News

November 20
IRS

IRS interest rates decrease for Q1 2025

For individuals, the overpayment and underpayment rate will be 7%.

By Jeff Stimpson
Freelance writer

November 20
AT Think In the blogs: Questions for the moment

Fighting scope creep; QCDs as the year ends; advising ministers; and other highlights from our favorite tax bloggers.

November 19

Jeff Stimpson
AT Think Balancing ethics and advocacy in tax resolution

CPAs must navigate conflicts of interest, transparency, and confidentiality while representing clients in IRS negotiations.

November 19

Todd Whalen

Advanced Tax Solutions

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.