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.

Cryptocurrency

Crypto donations to charity falter on fuzzy tax rules, value dips

Hard data about charitable donations denominated in cryptocurrency is difficult to obtain.

By Bloomberg News

April 14
AT Think The tax benefits of real estate investing

From the mortgage deduction to 1031 exchanges, real estate offers some powerful tax tools for investors.

April 14

David Wieland

Realized
AT Think Inside the IRS's 10-year plan

Former commissioners weigh in on the details of the Strategic Operating Plan and how the agency will spend its $80 billion.

April 14

Mark Friedlich
Tax-related court cases

Tax Fraud Blotter: What a gas

An Audi, a Porsche and a sentence; Stop and gone; bad Company; and other highlights of recent tax cases.

By Jeff Stimpson
Freelance writer

April 13
Sales tax

Apple's tax arrangement with hometown comes under fire

The upshot for Cupertino is that local tax revenues are expected to fall 73% this year.

April 13
Tax refunds

$1.5B in refunds still unclaimed

Time is running out for 2019 refunds, the IRS warns.

By Jeff Stimpson
Freelance writer

April 13
Accounting education

Champlain students help thousands of taxpayers

Students in the Volunteer Income Tax Assistance Program offer free tax help for low to moderate-income taxpayers in Vermont.

By Juliette Gaudemer
Senior Reporter

April 13

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.