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-related court cases

Tax Fraud Blotter: Concrete evidence

Poor Quality; for king and country and cash; a penny saved; and other highlights of recent tax cases.

By Jeff Stimpson
Freelance writer

July 13
Technology

Senate report confirms data leakage from tax software

A Senate investigation has concluded that major tax software providers have been sending sensitive personal information to tech companies like Meta and Google.

By Chris Gaetano
Technology Editor

July 13
IRS

IRS offers tax relief to Vermont flood victims

Victims will now have until Nov. 15, 2023, to file their individual and business tax returns and make tax payments, pushing back the Oct. 16 deadline.

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

July 13
International taxes

Congress proposes tax relief to spur U.S-Taiwan trade

A draft of legislation aims at reducing double taxation for employees and businesses involved in cross-border investment between the two countries

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

July 13
Tax breaks

Boston offers tax breaks to turn empty offices into housing

Mayor Michelle Wu's proposal is the latest example of a city seeking to address the challenges of remote work hitting downtowns and a lack of affordable residences.

By Skylar Woodhouse and Amanda Albright

July 13
International taxes

How a £10B tax trade unraveled for a commodities house

The Cum-Ex strategy ultimately landed ED&F Man in the middle of one of the biggest financial scandals in modern European history.

By Donal Griffin and Jonathan Browning

July 13
AT Think There's no excuse for ignorance: Tax tools from the IRS

The service offers a wealth of resources that can be enormously useful to tax practitioners.

July 13

Alyssa M. Reed

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.