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.

Practice and client management

HOA fees are pricey and prevalent — but tax planning can help some clients

Financial advisors and tax experts say HOA fees are usually not deductible, unless the home is used for a business or as a rental property.

By Tobias Salinger
Chief Correspondent

March 18
State taxes

California weighs new taxes to bail out Bay Area transit

Transit operators in San Francisco's Bay Area are facing massive budget shortfalls as ridership lingers well below its prepandemic levels.

By Skylar Woodhouse
Reporter

March 18
AT Think Poor software training can cause costly gaffes in tax season

The reality is that traditional 'one and done' software training is insufficient.

March 15

Krishna Dunthoori

Apty
Politics and policy

The definition of 'rich' — and its impact on taxes

President Biden wants the wealthy to "pay their fair share." Ex-President Trump calls for "the biggest tax cuts." But labeling people as rich creates massive policy challenges.

By Tobias Salinger
Chief Correspondent

March 15
International taxes

Austrian heiress wishes her €25M fortune had been taxed

Marlene Engelhorn plans to let 50 strangers decide the fate of her inheritance.

By Sophie Alexander
Reporter

March 15
Technology

Tech news: Thomson Reuters to rebrand to emphasize AI

Plus, LeaseCrunch offers webinar on GASB 87, 96; and other accounting technology news.

By Chris Gaetano
Technology Editor

March 15
Tax-related court cases

Tax Fraud Blotter: A naughty streak

Nothing sacred; on the Lamborghini; Empire lost; and other highlights of recent tax cases.

By Jeff Stimpson
Freelance writer

March 14

Resources

The latest Accounting Today research and discussion:

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
Web Seminar Tax Planning for 2027

This webinar will look at key opportunities and stumbling blocks for practitioners

Sponsored by 8am CPACharge
Web Seminar From tax question to tax strategy: Turning everyday client conversations into advisory opportunities

This webinar demonstrates how firms can uncover planning opportunities hidden within everyday client conversations and transform routine compliance discussions into higher-value advisory engagements.

Partner Insights from Intuit

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.