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

Wolters Kluwer global minimum tax software launches in North America

Wolters Kluwer announced that its solution support the global minimum tax in accordance with OECD Pillar II requirements.

By Chris Gaetano
Technology Editor

March 13
Tax evasion

Bail set at $15M bail in tax dodging case

Daniel Rotta hid more than $20 million from the IRS, using "pseudonyms, complicated corporate structures and nominees" to conceal offshore assets and income.

By David Voreacos

March 13
AT Think In the blogs: Chips are falling

R&D and China; billable versus subscription; trailblazers; and other highlights from our favorite tax bloggers.

March 12

Jeff Stimpson
IRS

IRS warns of money mule networks

Criminals are exploiting networks of innocent people to move illicit funds between bank accounts, currencies and blockchains in an effort to evade law enforcement.

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

March 12
Practice management

Arvo Tech acquires two accounting firms

Arvo Tech, a tax strategy technology provider for small businesses, has acquired Mark Murphy & Associates and Lee & Associates.

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

March 12
IRS

IRS officially launches Direct File free tax-filing program

The pilot program is expanding in the 12 states where it's available.

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

March 12
Sales tax

Sales tax rate changes hit new high

Changes in rates and rules at every level require advisors to stay on their toes.

By Roger Russell
Senior Editor

March 12

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.