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 says tax pros should have a written security plan

The service wants practitioners, particularly in smaller tax practices, to use a new template to create a data security plan.

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

July 18
Tax evasion

Tax advisor to famous DJs charged with hiding $100M from IRS

A Dutch tax advisor who had a client list of top DJs and fashion industry figures was arrested in Italy and extradited to the U.S.

By Chris Dolmetsch
Reporter

July 14
IRS

IRS expands assistance centers

The agency is also planning in-person visits to help taxpayers in underserved areas.

By Jeff Stimpson
Freelance writer

July 14
IRS

IRS offers transition relief for RMDs

The service plans to issue final regs related to required minimum distributions from retirement accounts in light of the SECURE 2.0 Act.

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

July 14
IRS

IRS plans improvements in tax pro accounts and new business online accounts

The Internal Revenue Service is making progress on its modernization efforts after receiving billions in extra funding.

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

July 14
Tax-related court cases

Tax Fraud Blotter: Concrete evidence

Poor Quality; for king and country and cash; a penny saved; and other highlights of recent tax cases.

By Jeff Stimpson
Freelance writer

July 13
Technology

Senate report confirms data leakage from tax software

A Senate investigation has concluded that major tax software providers have been sending sensitive personal information to tech companies like Meta and Google.

By Chris Gaetano
Technology Editor

July 13

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.