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 relief

Florida storm victims get tax relief

The IRS is pushing back filing and payment deadlines for those who have been affected.

By Jeff Stimpson
Freelance writer

May 3
AT Think In the blogs: Debt do us part

Dumping bad clients; another crypto challenge; no IRS notice; and other highlights from our favorite tax bloggers.

May 2

Jeff Stimpson
IRS

Crypto holder contests IRS 'fishing expedition'

The case revolves around whether the service had the right to demand an investor's account info without letting him know.

By Roger Russell
Senior Editor

May 2
IRS

Audits of the rich cratered at the start of the pandemic. That's about to change

The IRS's $80 billion in new funding means more scrutiny of higher earners.

By Lynnley Browning
Managing Editor

May 1
Tax season

Tax season by the numbers: 2023

With the final stats from this year's filing in, it seems clear that it was one of the most normal in years.

By Daniel Hood
Editor-in-chief

April 30
Tax season

A better tax season for just about everyone

With no last-minute changes, a more effective IRS, and a more reasonable schedule, tax pros heralded a return to normalcy.

By Roger Russell
Senior Editor

April 30
Tax relief

Oklahoma weather victims get federal tax relief

The IRS is pushing back payment and filing deadlines for taxpayers in two counties.

By Jeff Stimpson
Freelance writer

April 28

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.