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

IRS offers extra time for Roth catch-up contributions

The Internal Revenue Service is giving people until 2026 to comply with a new requirement for Roth catch-up contributions.

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

August 25
IRS

Lawmakers push IRS to account for lost taxpayer records

Two Republican lawmakers are asking the Internal Revenue Service to explain what happened to microfilm cartridges filled with years' worth of taxpayer data that appear to have vanished.

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

August 25
AT Think Boost your tax practice's bottom line with a wealth manager

Tax professionals may be unaware of the potential benefits that can be gained by partnering with a wealth manager.

August 25

Louie Rosalez

Avantax Planning Partners
IRS

Treasury aims to snag tax cheats with crypto broker proposal

The proposed regulations offer clarity on reporting rules enacted in 2021 to curb crypto-related tax evasion.

By Allyson Versprille
Tax reporter

August 25
Tax-related court cases

Tax Fraud Blotter: Health care crisis

Stonewalled; cashing out; trailer trash; and other highlights of recent tax cases.

By Jeff Stimpson
Freelance writer

August 24
IRS

IRS may have skirted rules on directly contacting represented taxpayers

Employees weren't always following the rules when it came to talking to taxpayers instead of representatives like accountants and attorneys.

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

August 24
AT Think In the blogs: Trust no one

Lots of letters; sales tax and crumbling streets; a different look at due diligence; and other highlights from our favorite tax bloggers.

August 24

Jeff Stimpson

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.