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.

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
Corporate taxes

Corporate tax departments turn to outsourcing

The majority of chief tax officers at multibillion-dollar companies plan to outsource more work to outside providers over the next few years, according to a new survey from KPMG.

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

January 31
Retirement

Gen X and retirement: Not a pretty picture

Millions of the oldest members of the cohort have roughly 10 good working years left to stockpile for their golden years. And many are in trouble.

By Lynnley Browning
Managing Editor

January 31
IRS

Trump used records requests to hinder release of returns

The former president papered the IRS with a deluge of Freedom of Information Act requests in search of a behind-the scenes look at its deliberations.

By Laura Davison
Capitol Hill tax reporter

January 30
AT Think Art of Accounting: 170 free checklists

There are 145 tax, practice management and personal tip checklists and a Getting Your Affairs in Order Tool Kit with 25 added checklists updated for this tax season and 2023.

January 30

Edward Mendlowitz

Withum

Resources

The latest Accounting Today research and discussion:

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
Web Seminar From tax question to tax strategy: Turning everyday client conversations into advisory opportunities

This webinar demonstrates how firms can uncover planning opportunities hidden within everyday client conversations and transform routine compliance discussions into higher-value advisory engagements.

Partner Insights from Intuit

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.