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 fraud

German lawyer gets second conviction in tax scandal

The Cum-Ex scandal has robbed billions of euros from government coffers and embroiled some of Wall Street's biggest names.

By Karin Matussek and Stephanie Bodoni

May 30
IRS

Debt limit deal puts government services on a diet

Biden's team agreed to trim $21 billion over a decade from IRS enforcement and $28 billion from prior COVID spending.

By Steven T. Dennis and Laura Davison

May 30
International taxes

Republicans introduce bill to deter global tax reforms

GOP legislation in the House aims to prevent the U.S. from participating in the multinational tax changes the Biden administration helped negotiate with the OECD.

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

May 26
Technology

Tech News: Avalara releases E-Invoicing and Live Reporting

Plus AuditClub Compass aims at AICPA quality control standards; FloQast releases Compliance Management tool; and other accounting tech news.

By Chris Gaetano
Technology Editor

May 26
Technology

ChatGPT opens floodgates on AI-powered solutions

The widespread availability of the high-powered chatbot has led to a panoply of new AI-powered accounting solutions.

By Chris Gaetano
Technology Editor

May 26
Tax-related court cases

Tax Fraud Blotter: General mischief

Grains of truth; books by their covers; skin game; and other highlights of recent tax cases.

By Jeff Stimpson
Freelance writer

May 26
IRS

IRS steps up crackdown on ERC scams

The service is warning businesses to beware of schemes promoting abuse of the Employee Retention Credit.

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

May 25

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.