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 What happens if shareholders move to a new state?

Along with the possible requirement to file paperwork for establishing the corporation in the new state, there may be changes in tax responsibilities.

October 9

Nellie Akalp

CorpNet.com
IRS

Taxpayer interest in IRS direct filing may be 'overstated'

Taxpayers' eagerness to use free software provided by the service to file their taxes may be exaggerated because of the way a survey was designed.

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

October 6
AT Think Is crypto's new tax form a boon or a bane for accountants?

The IRS has recently unveiled proposed regulations that shine a light on the murky world of digital asset broker definitions, the intricacies of the new Form 1099-DA, and its implementation timeline.

October 6

Pat White

Bitwave
Tax-related court cases

Tax Fraud Blotter: Toxic relationships

Depend on nothing; love, law and the slammer; financial whizzes; and other highlights of recent tax cases.

By Jeff Stimpson
Freelance writer

October 5
Finance, investment and tax-related legislation

Not having a House Speaker is threatening tax and other key areas

Among the items now stalled are a measure to extend federal banking protections to marijuana companies operating in states where the drug is legal and negotiations to restore tax breaks for business spending on research and development.

By Steven T. Dennis
Reporter

October 5
IRS

IRS warns about art donation scams

The service is cautioning taxpayers against claiming exaggerated deductions for purported donations of artwork, as it sees a rise in such schemes.

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

October 5
IRS

IRS tax-exempt unit faces its own backlogs

The TE/GE Division didn't provide satisfactory answers to many of the questions it received from taxpayers, according to a new report.

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

October 5

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.