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.

Technology

Vendor Spotlight: TaxDome

In this week's Vendor Spotlight, we hear from Ilya Radzinsky, co-founder and CEO of TaxDome.

By Chris Gaetano
Technology Editor

October 11
AT Think In the blogs: Simple hopes

Staffing and AI; a tab for online sports bets; risk factors; and other highlights from our favorite tax bloggers.

October 10

Jeff Stimpson
Tax credits

IRS allows car dealers to provide EV tax rebates upfront

New guidance explains how buyers of electric vehicles can transfer their tax credits to dealers and get advance payments that lower the cost.

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

October 10
AT Think Tax headaches when QTIP trusts hold interests in LLCs

Significant tax and legal issues may be triggered with some types of estate planning arrangements.

October 10

Seymour Goldberg

Goldberg & Goldberg
AT Think What happens if shareholders move to a new state?

Along with the possible requirement to file paperwork for establishing the corporation in the new state, there may be changes in tax responsibilities.

October 9

Nellie Akalp

CorpNet.com
IRS

Taxpayer interest in IRS direct filing may be 'overstated'

Taxpayers' eagerness to use free software provided by the service to file their taxes may be exaggerated because of the way a survey was designed.

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

October 6
AT Think Is crypto's new tax form a boon or a bane for accountants?

The IRS has recently unveiled proposed regulations that shine a light on the murky world of digital asset broker definitions, the intricacies of the new Form 1099-DA, and its implementation timeline.

October 6

Pat White

Bitwave

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.