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.

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
IRS

IRS cracks down on illegal sports betting

The Internal Revenue Service's Criminal Investigation division is targeting illegal activity tied to sports betting as the pro football season gets underway.

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

September 13
AT Think In the blogs: Of significant interest

Future of contactless prep; reverse convenience; importance of the invoice; and other highlights from our favorite tax bloggers.

September 12

Jeff Stimpson
IRS

IRS clarifies new corporate alternative minimum tax

Notice 2023-64 offers guidance on the 15% levy on large businesses — and waives some penalties.

By Jeff Stimpson
Freelance writer

September 12

Resources

The latest Accounting Today research and discussion:

Special Report The Future of Tax Services

Tax compliance will never go away, but more and more it will only be the foundation of much more profitable tax planning and tax advisory offerings — provided they start taking the right steps to build up those services.

Sponsor Content from Accordance Aug 2026
On-Demand 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
On-Demand 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

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.