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 season

Tax season so far: More service, lower refunds

Practitioners are hoping for a more normal filing season.

By Roger Russell
Senior Editor

February 2
Tax season

5 ways to prepare for last-minute tax clients

If you take a proactive approach, you can reduce the inevitable hiccups that never seem to end.

By Joseph Graziano
Vice president and wealth management partner

February 1
IRS

Taxpayers' most common goofs

The IRS has compiled a list of mistakes they often see on tax returns.

By Jeff Stimpson
Freelance writer

February 1
Tax fraud

Ukraine tackles corruption with wider dragnet

Authorities carried out raids across the country, including searches of a top tax official and a former head of military procurement.

By Bloomberg News

February 1
AT Think In the blogs: Classified information

EITC education; onboarding is key; expats on the rise; and other highlights from our favorite tax bloggers.

January 31

Jeff Stimpson
Tax regulations

Household employees open 'a big can of worms'

Here are five reasons clients may need more help with household employment matters in 2023

By Tom Breedlove
Senior director

January 31
Tax-related ID theft

Tax fraud volume tracks new benefits

The vulnerability of the Social Security number isn't helping, either.

By Roger Russell
Senior Editor

January 31

Resources

The latest Accounting Today research and discussion:

Case Study A blueprint for a smoother, more automated tax workflow

For tax leaders: a real-world blueprint to streamline workflows and improve client experience.

Partner Insights from Thomson Reuters
White Paper Find and fix tax workflow gaps to save time and reduce rework

For tax professionals: a 3-step guide to spot workflow gaps and streamline your tax tech stack.

Partner Insights from Thomson Reuters
White Paper Start making next busy season easier, now

Built for tax teams: a practical post-season plan to reduce churn, fix bottlenecks, and prep for next busy season.

Partner Insights from Thomson Reuters

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.