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 returns

Biden tax returns show income and effective rate fell in 2022

President Joe Biden and First Lady Jill Biden paid $169,820 in federal and state income tax on a combined $579,514 in adjusted gross income, according to their annual tax returns.

By Justin Sink and Laura Davison

April 19
IRS

Indiana storm victims get federal tax relief

The IRS pushed back filing and payment deadlines.

By Jeff Stimpson
Freelance writer

April 18
AT Think In the blogs: What are they thinking?

The long reach of Uncle Sam; send it back; new blog on the block; and other highlights from our favorite tax bloggers.

April 18

Jeff Stimpson
State taxes

More states eye retail delivery fee

Minnesota and New York may follow Colorado in adding a cost to delivered goods, on top of sales tax.

By Roger Russell
Senior Editor

April 18
IRS

New answers on COVID relief

With the official public health emergency due to end on May 11, the IRS has updated its FAQ.

By Jeff Stimpson
Freelance writer

April 18
AT Think Risks associated with the ERC

The lack of oversight makes the Employee Retention Credit landscape ripe for fraud.

April 18

Jason Melillo

KBKG
IRS

IRS sees progress on Tax Day after extra funding

The new commissioner lauded the agency's performance this filing season, thanks to the extra funding from last year's Inflation Reduction Act.

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

April 18

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.