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

California court gives Amazon billion-dollar tax break

An appeals court ruling could cost the Golden State billions in unpaid sales taxes.

By Roger Russell
Senior Editor

January 17
Technology

TaxBit acquires Tactic

The deal will combine tax and accounting software aimed at tracking cryptocurrency and other digital assets.

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

January 17
AT Think The IRS loves consistency in partnerships

The Internal Revenue Service has been steadily ramping up its enforcement of partnership tax compliance.

January 17

Daniel Martinez

Bilzin Sumberg
International taxes

Law firm Norton Rose's Frankfurt offices raided in German tax fraud probe

The controversial Cum-Ex scandal has swept up Wall Street's biggest banks.

By Karin Matussek
Reporter

January 17
Tax planning

Tax season 2023: Smaller refunds, higher audit rates, jarring capital-gains bills

Amid the end of pandemic credits and investment losses, filing a federal return this year has sobering moments.

By Lynnley Browning
Managing Editor

January 17
IRS

The top tax crooks of 2022

The IRS Criminal Investigation division names the worst of the worst of the past 12 months.

By Jeff Stimpson
Freelance writer

January 16
Corporate taxes

Effective tax rate for big corporations fell to 9% after TCJA

The average effective tax rate of profitable large corporations fell from 16% in 2014 to 9% in 2018 after passage of the Tax Cuts and Jobs Act of 2017.

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

January 13

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.