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: Dishonest mistakes

Kon man; anti-social behavior; not much of a Solution; and other highlights of recent tax cases.

By Jeff Stimpson
Freelance writer

April 27
Tax-related court cases

Beyoncé files in Tax Court against IRS

Queen Bey is challenging a $2.7 million tax bill.

By Jeff Stimpson
Freelance writer

April 27
AT Think How tax automation really works in e-commerce

Different online businesses face different challenges when it comes to sales tax, but they can all benefit from new technologies.

April 27

Maria Navolykina

X-Cart
IRS

Gov't wants suit over IRS data leak tossed

The U.S. asked a judge to dismiss a lawsuit by billionaire hedge fund manager Ken Griffin against the Internal Revenue Service.

By David Voreacos

April 27
International taxes

South Korea's Yoon offers tax breaks if Musk builds car factory

The country remains among the top candidates to host a new Tesla factory.

By Sam Kim

April 27
AT Think Help business clients reduce property tax assessments

In some states, commercial and industrial property owners are typically paying inaccurate property tax levels by as much as 20% to 30%.

April 26

Josh Malancuk

JM Tax Advocates
IRS

Money manager says unannounced IRS visit was a clerical error

DoubleLine Capital co-founder Jeffrey Gundlach said an agent showed up at his company's office for 'no legitimate reason.'

By Bloomberg News

April 26

Resources

The latest Accounting Today research and discussion:

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
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
Web Seminar Tax Planning for 2027

This webinar will look at key opportunities and stumbling blocks for practitioners

Sponsored by 8am CPACharge

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.