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: Manual AI

Too much money; five little letters on how clients might see you; loss-harvesting season; and other highlights from our favorite tax bloggers.

December 19

Jeff Stimpson
Tax-related court cases

Hunter Biden faces Jan. 11 arraignment on tax charges

The president's son has been charged with failing to pay $1.4 million in taxes.

December 19
IRS

IRS expands business tax accounts

Individual partners and individual shareholders of S corps can now get a business tax account.

By Jeff Stimpson
Freelance writer

December 18
Retirement

Take advantage of shifting RMD rules with these year-end strategies

Clients who have squirreled away their savings in IRAs and other retirement accounts have new tools at the ready amid shifting rules, four experts said.

By Tobias Salinger
Chief Correspondent

December 18
Tax fraud

Top bank advisor admits turning 'blind eye' in tax scandal

'In reality, I didn't want to know the whole truth,' the Freshfields lawyer told the judges at his Frankfurt trial.

December 18
Donald Trump

Trump takes aim at university tax breaks

At a campaign rally, the former president said he'd end tax exemptions for left-leaning schools.

December 18
Tax-related court cases

Tax Fraud Blotter: Document mismanagement

Under Development; lack of security; CI at work; and other highlights of recent tax cases.

By Jeff Stimpson
Freelance writer

December 15

Resources

The latest Accounting Today research and discussion:

Web Seminar The most important supply for tax firms isn't found on shelves

In this webinar, we'll show you how tax and accounting professionals are leveraging new technologies to make their firms more efficient and to stay ahead of competitors.

Partner Insights from Thomson Reuters
Web Seminar The psychology of a modern tax workflow: Reducing anxiety, decision fatigue & compliance risk

In this session you'll learn practical, firm-tested principles to reduce confusion, improve predictability, and strengthen both client and staff confidence.

Partner Insights from SmartVault
Web Seminar Tax Planning for 2027

This webinar will look at key opportunities and stumbling blocks for practitioners

Sponsored by 8am CPACharge

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.