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.

Finance, investment and tax-related legislation

A year on, what do clients think about the IRA?

Energy credits and a more responsive IRS seem to be the main talking points practitioners are hearing about.

By Jeff Stimpson
Freelance writer

August 21
Tax relief

Hawaii wildfire victims get federal tax relief

The IRS announced that filing and payment deadlines will be moved back to February for those affected.

By Jeff Stimpson
Freelance writer

August 21
Tax scams

Tax trading scam made my life a 'shambles,' asset manager says

Henry Gabay, founder of the now-defunct Duet Group, told a German court that he's innocent and that the Cum-Ex charges against him are built on lies.

By Karin Matussek
Reporter

August 21
Tax preparation

H&R Block reports 'strong' fiscal year, raises dividends

The tax preparation giant grew its total revenue to $3.5 billion, or 0.3%.

By Jeff Stimpson
Freelance writer

August 18
Technology

Tax workpapers are key, but automation lags

A recent survey found workpapers are vital in supporting the overall tax cycle, but professionals struggle with lack of modern solutions.

By Chris Gaetano
Technology Editor

August 18
IRS

Deadline for truckers' Form 2290 approaching

Heavy Highway Vehicle Use Tax Returns are due Aug. 31, the IRS warns.

By Jeff Stimpson
Freelance writer

August 18
IRS

Mets owner fights $10M tax bill to derail IRS plan

Billionaire Steve Cohen is fighting the Internal Revenue Service's goal of having hundreds of money managers pay self-employment taxes.

August 18

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.