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.

International taxes

Amazon wins EU court clash over €250M tax bill

Amazon said the ruling confirms that it "followed all applicable laws and received no special treatment."

By Stephanie Bodoni
Reporter

December 14
AT Think Get ready for e-invoicing around the world

E-invoicing is a reality that businesses must grapple with — and not only in the European Union.

December 13

Michael Bernard

Vertex
IRS

IRS restructures leadership

This will be the first reorganization for the Internal Revenue Service in over 20 years and reflects the new transformation goals underway at the agency.

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

December 13
International taxes

Airbnb to pay €576M to settle Italian taxes

Italy's finance police had claimed that the company owed about €779 million after an audit of the tax years from 2017 to 2021.

By Bloomberg News

December 13
AT Think In the blogs: Stepping off

Nuances of VAT; financial gift ideas; welcome, outstanding offenders; and other highlights from our favorite tax bloggers.

December 12

Jeff Stimpson
Tax credits

Engineered Tax Services receives investment from RevRoad

Tax credits and incentives advisory firm ETS has scored a minority investment from a venture services firm.

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

December 12
Court cases

Small-biz groups urge SCOTUS to uphold unrealized gain provision

SMB organizations are calling for the Supreme Court to uphold the Tax Cuts and Jobs Act's Mandatory Repatriation Tax.

By Roger Russell
Senior Editor

December 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.