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.

Donald Trump

Robinhood, BNY Mellon tapped to run Trump accounts

The Internal Revenue Service said that the funds should have annual fees and expenses of no more than 0.1%.

By Bloomberg News

April 6
Tax season

Tax season 'progressing smoothly,' says IRS

The Internal Revenue Service is providing 'outstanding service' this season, according to CEO Frank Bisignano.

By Daniel Hood
Editor-in-chief

April 3
AT Think How fire-damaged small businesses rebuilt when insurance failed

Micro-captive insurance plans under the Internal Revenue Code are providing small businesses in California the ability to rebuild faster after wildfires.

April 3

Vardan Pogosian

Pogosian Tax Planning
Tax planning

The lowest return on your tax dollar

The 10 states that offer the least in return for their residents' tax payments.

By Daniel Hood
Editor-in-chief

April 3
Tax-related court cases

Tax Fraud Blotter: Third time's (not always) a charm

Not a ghost of a chance; all's Wells; fictitious spouses; and other highlights of recent tax cases.

By Mary Ann Tasoulas
President

April 2
Tax relief

Treasury gives DHS employees an extra month for their taxes

Department of Homeland Security staff who are affected by the current shutdown now have until May 15 to file and pay their taxes.

April 2
Tax planning

The biggest bang for your tax buck

The 10 states that offer the best return for residents' tax dollars.

By Daniel Hood
Editor-in-chief

April 2

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.