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.

IRS

IRS investigating Dodgers star's former interpreter

Ippei Mizuhara and an alleged bookmaker are under criminal investigation by the Internal Revenue Service, the agency confirmed.

By John Gittelsohn

March 26
Tax relief

Alaska weather victims get tax relief

The IRS is pushing back filing and payment deadlines for victims of severe storms last November.

By Jeff Stimpson
Freelance writer

March 26
Technology

Forvis releases free tax tool for clean energy

Forvis announced the release of a complementary web-based tax tool for clean energy projects and investments.

By Chris Gaetano
Technology Editor

March 26
Tax evasion

Nigeria announces tax charges against Binance

The revenue service accused Binance of nonpayment of VAT and company income tax, failure to file returns, and complicity in aiding customers to evade taxes.

By Bloomberg News

March 26
Tax rates

Poll shows bipartisan support for taxing the rich

Fully 69% of registered voters in seven swing states say they favor higher taxes on billionaires, and on people who make more than $400,000 a year.

By Laura Davison
Capitol Hill tax reporter

March 26
Tax season

Tax season so far: Looking for answers

Taxpayers are accessing the IRS website much more this year than last to find the answers they need, with more than 410 million visits through March 15.

By Editorial Staff

March 26
AT Think Tax Strategy: Election year tax proposals kick off

Both Donald Trump and Joe Biden have begun laying out their visions for the Tax Code.

March 25

Mark A. Luscombe

Wolters Kluwer Tax & Accounting

Resources

The latest Accounting Today research and discussion:

Web Seminar Tax season postmortem: What to fix for 2027

Join us for a transparent look at the challenges facing firms this year and how to overcome them for 2027.

Partner Insights from Canopy
On-Demand 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

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.