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: 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
Tax relief

Idalia victims in Georgia get tax relief

The IRS is pushing back filing and payment deadlines for those impacted by the storm.

By Jeff Stimpson
Freelance writer

September 13
Tax rates

Inflation expected to drive up tax bracket limits in 2024

Inflation-adjusted amounts in the Tax Code are predicted to increase 5.4% in 2024, according to a new report from Bloomberg Tax.

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

September 13

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.