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 Boost your tax practice's bottom line with a wealth manager

Tax professionals may be unaware of the potential benefits that can be gained by partnering with a wealth manager.

August 25

Louie Rosalez

Avantax Planning Partners
IRS

Treasury aims to snag tax cheats with crypto broker proposal

The proposed regulations offer clarity on reporting rules enacted in 2021 to curb crypto-related tax evasion.

By Allyson Versprille
Tax reporter

August 25
Tax-related court cases

Tax Fraud Blotter: Health care crisis

Stonewalled; cashing out; trailer trash; and other highlights of recent tax cases.

By Jeff Stimpson
Freelance writer

August 24
IRS

IRS may have skirted rules on directly contacting represented taxpayers

Employees weren't always following the rules when it came to talking to taxpayers instead of representatives like accountants and attorneys.

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

August 24
AT Think In the blogs: Trust no one

Lots of letters; sales tax and crumbling streets; a different look at due diligence; and other highlights from our favorite tax bloggers.

August 24

Jeff Stimpson
AICPA

AICPA asks IRS for better trust forms, guidance on tax credits

The institute sent comment letters requesting changes in two forms used to report on foreign trusts, and guidance on energy credits and advanced manufacturing investment credits.

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

August 24
AT Think Demystifying the taxation of NFTs

Tax authorities worldwide are deciding how to tax non-fungible tokens. Now is the time to get clarity on this quickly evolving phenomenon.

August 24

David Lingerfelt

Avalara

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.