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.

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
IRS

Yellen defends IRS against cuts, plans ambitious tax season

The Treasury secretary addressed a group of service employees as the agency fends off cuts pushed by House Republicans.

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

November 7
Growth Content

20 states that burden taxpayers the least

The best five states have an average total tax burden of 5.97%.

November 7
Tax crimes

Ex-Fortis banker convicted over €51.5M Cum-Ex tax cheat

A German banker was sentenced to three years and three months for his role in the international tax trading scandal.

By Karin Matussek
Reporter

November 6
IRS

IRS business tax and tax pro accounts may get slashed

The service's development of its newly introduced business tax accounts and recent improvements in its tax pro accounts could be jeopardized if funding is cut.

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

November 3
Tax-related court cases

Tax Fraud Blotter: The spice of life

Gainful employment; waste not; Mr. Plow; and other highlights of recent tax cases.

By Jeff Stimpson
Freelance writer

November 3

Resources

The latest Accounting Today research and discussion:

Case Study A blueprint for a smoother, more automated tax workflow

For tax leaders: a real-world blueprint to streamline workflows and improve client experience.

Partner Insights from Thomson Reuters
White Paper Find and fix tax workflow gaps to save time and reduce rework

For tax professionals: a 3-step guide to spot workflow gaps and streamline your tax tech stack.

Partner Insights from Thomson Reuters
White Paper Start making next busy season easier, now

Built for tax teams: a practical post-season plan to reduce churn, fix bottlenecks, and prep for next busy season.

Partner Insights from Thomson Reuters

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.