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 management

The IRS wants tax pros to be ready for both death and taxes

New best practices to help practitioners prepare for the inevitable are just some of the new developments going on at the service, according to NCCPAP.

By Roger Russell
Senior Editor

October 11
International taxes

Global tax deal moves closer in race to avoid digital levies row

Negotiators presented a legal text that sets out who can levy the profits of the world's biggest corporations in order to prevent a resurgence of trade tensions.

By William Horobin
Reporter

October 11
Cryptocurrency

Senators urge IRS to speed up plan to snag crypto tax cheats

A group of lawmakers is pushing tax officials to move up the start date for crypto brokerages and exchanges to report on clients' transactions.

By Allyson Versprille
Tax reporter

October 11
Technology

Vendor Spotlight: TaxDome

In this week's Vendor Spotlight, we hear from Ilya Radzinsky, co-founder and CEO of TaxDome.

By Chris Gaetano
Technology Editor

October 11
AT Think In the blogs: Simple hopes

Staffing and AI; a tab for online sports bets; risk factors; and other highlights from our favorite tax bloggers.

October 10

Jeff Stimpson
Tax credits

IRS allows car dealers to provide EV tax rebates upfront

New guidance explains how buyers of electric vehicles can transfer their tax credits to dealers and get advance payments that lower the cost.

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

October 10
AT Think Tax headaches when QTIP trusts hold interests in LLCs

Significant tax and legal issues may be triggered with some types of estate planning arrangements.

October 10

Seymour Goldberg

Goldberg & Goldberg

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.