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 and Treasury provide safe harbor for conservation easements

The Internal Revenue Service and the Treasury Department issued a notice offering a safe harbor for the deed language in charitable conservation easements.

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

April 10
Tax relief

Weather victims in Tennessee get tax relief

The IRS has pushed back filing and payment deadlines to the end of July.

By Jeff Stimpson
Freelance writer

April 10
IRS

IRS proposes new regs to crack down on micro-captives

Proposed regulations would identify micro-captive transactions as abusive after the Supreme Court ruled against the IRS in a case two years ago involving the transactions.

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

April 10
AT Think Art of Accounting: ChatGPT

Find out how to harness the power of AI to make you even more relevant to your clients than you are presently.

April 10

Edward Mendlowitz

Withum
Tax fraud

Leader of $1B tax fraud gets 40 years

A Los Angeles businessman led a conspiracy with a Utah polygamist family to defraud a U.S. clean-fuels program of more than $1 billion.

By David Voreacos

April 10
Tax credits

Volkswagen looks to U.S. EV tax incentives to capture buyers

The German carmaker plans to sell 25 models of electric vehicles in America by 2030.

April 9
Tax scams

The IRS's 2023 Dirty Dozen: Trust no one

The tax service released its annual list of the 12 worst tax-related scams.

By Jeff Stimpson
Freelance writer

April 7

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.