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

'Dark money' groups sic the IRS on each other

Groups on both sides of the political spectrum are asking the agency to investigate their ideological opponents for misusing their tax-exempt status.

August 15
AT Think In the blogs: Why, oh why?

Buy-ins are changing; faxing the IRS; Barbie and sales tax; and other highlights from our favorite tax bloggers.

August 15

Jeff Stimpson
IRS

IRS wants to improve dispute resolution

The service is looking for ideas to make its current ADRs better and help them reach more people, and to create new ones, if they're needed.

By Jeff Stimpson
Freelance writer

August 15
International taxes

Global minimum tax, other int'l tax reforms advance

A look inside the OECD's latest work on revamping the global tax system.

By Roger Russell
Senior Editor

August 15
AT Think 5 tips for chargeback accounting

This handful of tax and accounting tactics can help retailers better manage this major challenge.

August 15

Monica Eaton-Cardone

Chargebacks911
AT Think Tax Strategy: RMD changes for 2023

Two notices from the IRS offer guidance on the new rules regarding minimum distribution requirements from the SECURE Act 2.0.

August 15

Mark A. Luscombe

Wolters Kluwer Tax & Accounting
IRS

TIGTA finds 'significant' lapses in IRS microfilm storage

Taxpayer information in this format isn't being safeguarded properly, according to a new report.

By Jeff Stimpson
Freelance writer

August 14

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.