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 aims to expand tax certainty programs

The service is asking for comments from business taxpayers and their advisors about ways to improve and expand its programs for resolving tax issues upfront.

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

September 15
IRS

Ken Griffin subpoenas ProPublica over secret tax returns leak

The hedge fund billionaire has subpoenaed the investigative news site and five of its journalists for documents related to the publication of reports that detailed his tax information.

By David Voreacos

September 15
Tax-related court cases

Tax Fraud Blotter: Movin' out

Band of brothers; heavy Metal; gone underground; and other highlights of recent tax cases.

By Jeff Stimpson
Freelance writer

September 14
IRS

IRS halts new ERC processing after flood of bogus claims

The immediate moratorium will be in effect until the end of the year.

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

September 14
IRS

IRS proposal on micro-captive insurance may limit coverage

Some worry the proposed regulations could make it more difficult for small and midsized businesses to obtain coverage in case of disaster.

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

September 14
AT Think Tax strategies to maximize savings for crypto investors

Whether seasoned or new, they need to understand the tax implications of their investments.

September 14

Lee Reams Sr.

TaxBuzz
IRS

The lingering impact of the pandemic on IRS collections

IRS data and changes to collection operations over the past four years show 10 clear effects.

By Jim Buttonow

September 14

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.