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.

Wealth management

Selling losing stocks for a tax boost? A new paper says beware these tripwires

The study, from a top NVDR executive and an IMF research economist, crunched zillions of numbers to determine the thresholds.

By Lynnley Browning
Managing Editor

September 6
International taxes

Broker of global tax deal quits with accord's future unclear

Pascal Saint-Amans will leave his position as director of the Centre for Tax Policy and Administration at the Organization for Economic Cooperation and Development at the end of October.

By William Horobin
Reporter

September 6
IRS

IRS exposed about 120K people's information online

The information came from the Form 990-T, the business tax returns filed by tax-exempt organizations.

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

September 2
Technology

Tech News: Bloomberg launches Inflation Reduction Act resource

Plus SAP names a new CFO; and other news from the world of accounting technology.

By Chris Gaetano
Technology Editor

September 2
Tax-related court cases

Tax Fraud Blotter: Contemptible

Two-buck chuck; easement does it; mismanagement; and other highlights of recent tax cases.

By Jeff Stimpson
Freelance writer

September 1
IRS

IRS reduces tax return backlog as AICPA urges penalty relief extension

The agency is making progress on its backlog of unprocessed tax returns, as it's asked by the Institute to extend its recent penalty relief through the end of the year.

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

September 1
Tax fraud

JPMorgan Frankfurt offices raided as part of tax probe

The controversial Cum-Ex scandal robbed taxpayers of billions of euros.

By Karin Matussek
Reporter

September 1

Resources

The latest Accounting Today research and discussion:

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
Web Seminar From returns to revenue: A tax planning framework for every firm

Most tax professionals are already sitting on planning opportunities, they just don't have a system to find them, package them, or get paid for them. This session walks through a simple, repeatable framework for turning completed returns into planning conversations, billable engagements, and stronger client relationships. Attendees leave with concrete next steps they can apply right away.

Partner Insights from Holistiplan

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.