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.

Retirement planning

Open enrollment changes under SECURE 2.0

The open enrollment season for employee benefits is underway at many companies, and employees may be seeing changes this year thanks to the SECURE 2.0 Act.

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

December 18
AT Think Solopreneurs should do these 5 things before Dec. 31

Missing the window to make these decisions before year's end means losing a full year of potential savings.

December 18

Ran Harpaz

Lettuce Financial
AT Think In the blogs: Thinkin' about tomorrow

No expertise needed; losing Trump benefits; excise taxes can't replace property taxes; and other highlights from our favorite tax bloggers.

December 17

Jeff Stimpson
Premium tax credits

Moderate Republican revolt to force January Obamacare vote

The rebellion comes after Johnson blocked swing-district Republicans from having a floor vote this week on their plan for the premium tax credits.

By Erik Wasson
Capitol Hill reporter

December 17
AT Think Strategic planning for 2026 corporate taxes post-OBBBA

As corporate tax teams finalize their 2025 strategies following the One Big Beautiful Bill Act, savvy leaders are already looking ahead to 2026.

December 17

Ian Boccaccio

Ryan
Premium tax credits

Speaker refuses moderates' pleas to vote on health tax credits

Speaker Mike Johnson will block a push by moderate House Republicans for a vote on renewing expiring Obamacare subsidies.

By Erik Wasson
Capitol Hill reporter

December 17
International taxes

US threatens to retaliate against EU firms over digital tax

The Trump administration singled out prominent companies, including Accenture, Siemens and Spotify, as possible targets for new restrictions or fees.

By Bloomberg News

December 17

Resources

The latest Accounting Today research and discussion:

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
How Advisory Services Create a Competitive Edge

Design advisory services that drive growth

Partner Insights from Wolters Kluwer

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.