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

Seven red flags of a bad ERC claim

The IRS wants to help businesses know when they don't qualify for an Employee Retention Credit.

By Jeff Stimpson
Freelance writer

February 13
IRS

IRS seeks more than $1B from collapsed SVB

The Internal Revenue Service is looking for both corporate income and employment taxes for a four-year period.

February 13
Tax preparers

'New client' scam targets tax pros

The IRS is warning practitioners about a tactic that recurs every tax season.

By Jeff Stimpson
Freelance writer

February 13
AT Think In the blogs: Hurry up and wait

SALT benefits; taxing blockchain tech; how to onboard; and other highlights from our favorite tax bloggers.

February 13

Jeff Stimpson
State taxes

10 big trends in SALT for 2024

The Washington National Tax Office of Grant Thornton points out the most important state and local tax developments to keep an eye out for.

By Roger Russell
Senior Editor

February 13
IRS

IRS crime-fighting chief to retire

Jim Lee, the head of IRS Criminal Investigation, will step down April 6.

By Jeff Stimpson
Freelance writer

February 13
AT Think Tax Strategy: House passes popular tax changes

While passage in the Senate is uncertain, many of the changes could impact 2023 tax returns.

February 13

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.