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.

Tax-related court cases

Tax Fraud Blotter: Don't touch

A dim bulb; morally bankrupt; 1st to jail; and other highlights of recent tax cases.

By Jeff Stimpson
Freelance writer

November 30
Make property tax a profit center: What firms need to know

With the right tools and resources in place, property tax advisory services can become a profit center for top firms. Read on to learn how.

Partner Insights from Avalara
Practice management

AuditClub rebrands as CPAClub

The company has added outsourced tax and advisory services for CPA firms as part of the renaming.

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

November 29
Tax credits

U.S. weighs reprieve for carmakers on EV credits

The Biden administration has discussed granting automakers a temporary reprieve from new rules poised to limit a consumer tax credit, a Michigan senator said Tuesday.

By Bloomberg News

November 29
Tax fraud

Tax Fraud Blotter: Numbers games

Sanctions list; getting out of the Market; why oh Y; and other highlights of recent tax cases.

By Jeff Stimpson
Freelance writer

November 28
AT Think In the blogs: Hidden costs

ERC red flags; moving to the cloud; security and the holidays; and other highlights from our favorite tax bloggers.

November 28

Jeff Stimpson
Tax forms

Lower 1099-K threshold may drive out sellers

The lower 1099-K threshold will produce millions more forms to be sent to taxpayers, and may prompt many to abandon online marketplaces and gig economy jobs.

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

November 28

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.