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 crimes

Bitcoin thief photographed in bathtub of cash gets four years

An Ohio man photographed lounging in a bathtub full of dollar bills stole 713 Bitcoin from a computer device seized by the IRS in a case against his older brother.

By David Voreacos

April 28
IRS

IRS fights funding cut threat in debt limit showdown

Commissioner Werfel defended the IRS's budget before Congress after House Republicans passed a bill that would eliminate much of its extra funding.

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

April 27
Tax-related court cases

Tax Fraud Blotter: Dishonest mistakes

Kon man; anti-social behavior; not much of a Solution; and other highlights of recent tax cases.

By Jeff Stimpson
Freelance writer

April 27
Tax-related court cases

Beyoncé files in Tax Court against IRS

Queen Bey is challenging a $2.7 million tax bill.

By Jeff Stimpson
Freelance writer

April 27
AT Think How tax automation really works in e-commerce

Different online businesses face different challenges when it comes to sales tax, but they can all benefit from new technologies.

April 27

Maria Navolykina

X-Cart
IRS

Gov't wants suit over IRS data leak tossed

The U.S. asked a judge to dismiss a lawsuit by billionaire hedge fund manager Ken Griffin against the Internal Revenue Service.

By David Voreacos

April 27
International taxes

South Korea's Yoon offers tax breaks if Musk builds car factory

The country remains among the top candidates to host a new Tesla factory.

By Sam Kim

April 27

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.