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.

Technology

House advances bill to speed tax return processing via barcodes

The House Ways and Means Committee voted unanimously to approve a bipartisan bill to accelerate processing of tax returns through use of scanning technology.

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

January 14
IRS

IRS Advisory Council blasts defunding of agency

The Internal Revenue Service Advisory Council issued its annual report after a turbulent year at the agency, criticizing the repeated funding and staffing cuts.

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

January 14
AT Think Will the 2026 tax season be seamless or doomsday?

As tax professionals, we need to figure out which version of reality is going to show up on tax season opening day.

January 14

Mark Friedlich
Technology

Armanino launches TaxAdvantage platform

The software will be used by both the firm's professionals and its clients to collaboratively manage corporate tax engagements in the same platform.

By Chris Gaetano
Technology Editor

January 14
Tax planning

Neuberger Berman invests in Ryan

Neuberger Berman is buying a $1.2 billion minority stake in tax advisory and software provider Ryan LLC.

By Bloomberg News

January 14
State taxes

Newsom seeks $200M to replace EV tax credits cut by Trump

The California governor wants to restart offering tax rebates for electric vehicles that are purchased in the state.

By Bloomberg News

January 12
Press Release Tax1099 expands its E-Filing Suite with the launch of 990 series for Nonprofits

Tax1099 adds IRS-approved Form 990 series e-filing to its platform, helping nonprofits and tax-exempt organizations meet reporting requirements with greater efficiency.

Partner Insights from Zenwork

Resources

The latest Accounting Today research and discussion:

Web Seminar Rethinking busy season: A modern operating model for K-1s

Busy season is over—but the bruises are still fresh. Many firms expected smoother K-1 workflows, yet encountered the same familiar bottlenecks, last-minute delays, and staff burnout. Instead of tweaking around the edges, we'll explore a modern operating model for managing K-1s at scale – from intake through exchange – designed to reduce rework, cycle time, and eliminate seasonal chaos.

Partner Insights from K1X
Tariffs and your clients

Dean Peterson and Blair Robbins of Eisner Advisory Group discuss the tax and business ramifications of the Trump administration's tariff policies that accountants should be advising clients about.

Sponsored by Intuit Quickbooks
How Advisory Services Create a Competitive Edge

Design advisory services that drive growth

Partner Insights from Wolters Kluwer

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.