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.

Tax-related court cases

Tax Fraud Blotter: Urgent matters

Wire happy; defense rests; re-model behavior; and other highlights of recent tax cases.

By Jeff Stimpson
Freelance writer

November 9
Technology

Intuit rolls out bevy of new features

The accounting software giant announced a cavalcade of enhancements set for use in the upcoming tax season.

By Chris Gaetano
Technology Editor

November 9
IRS

IRS adjusts tax items for inflation in 2024

The service announced its annual inflation adjustments, including increases in the standard deduction and changes in tax brackets.

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

November 9
International taxes

Apple risks $14B tax bill in EU setback

The iPhone maker risks having to pay billions to Ireland after an advisor to the European Union's top court said its victory in an earlier challenge should be thrown out.

By Stephanie Bodoni
Reporter

November 9
International taxes

Trader loses last fight to kick out $1.8B U.K. tax fraud case

The U.K. Supreme Court rejected lawyers' claims that London isn't the proper place for the Danish tax agency to bring its claim.

By Bloomberg News

November 8
AT Think In the blogs: Minimum standards

CPAs' real pay; crypto data released; factoring receivables; and other highlights from our favorite tax bloggers.

November 7

Jeff Stimpson
Corporate taxes

Pillar Two tax concerns jump at large multinationals

Many are considering extra hiring to handle the upcoming mandates, according to KPMG.

By Roger Russell
Senior Editor

November 7

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.