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.

IRS

IRS Appeals sets priorities for next year

The Internal Revenue Service's Independent Office of Appeals hopes to improve both service and the experience of its workforce.

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

December 8
AT Think IRS aggressively attacks improper ERC claims

The service is sending 20,000 disallowance letters, with more action and a voluntary disclosure program coming.

December 8

Mark Friedlich
Article Navigating IRS E-Filing: What Businesses Must Know About the IRIS TCC

Learn more about the requirements—and an alternative that can eliminate the time-consuming TCC application process.

Partner Insights from Greatland
Tax fraud

Hunter Biden indicted in tax case

A political headache is mounting for the White House and Democrats as the 2024 campaign ramps up.

By Chris Strohm and David Voreacos

December 8
Practice and client management

Tips for using a 'medical IRA' that offers triple the tax savings

More working Americans have a health savings account, but many are not using them to their fullest potential.

By Victoria Zhuang
Reporter

December 7
Tax-related court cases

Tax Fraud Blotter: Playing chicken

A world view; muscle head; in the hunt; and other highlights of recent tax cases.

By Jeff Stimpson
Freelance writer

December 7
IRS

IRS disallows 20K ERC claims amid crackdown

The Internal Revenue Service is continuing to combat scammers and promoters encouraging businesses to file claims for the tax credit.

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

December 6

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.