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 fraud

Trump CFO hires top lawyer as New York tax case gets closer to trial

Longtime Trump Organization Chief Financial Officer Allen Weisselberg has hired a seasoned lawyer as the criminal case accusing him and the company of tax fraud gets closer to trial.

By Patricia Hurtado

June 10
IRS

Jumps at the pump prompt IRS mileage rate increase

With gas prices rising, the service announced an unscheduled increase.

By Jeff Stimpson
Freelance writer

June 10
Tax-related court cases

Tax Fraud Blotter: Reality bites

Amicable crooks; a load of kibble; what a stool; and other highlights of recent tax cases.

By Jeff Stimpson
Freelance writer

June 9
Tax evasion

Chrisley reality TV stars convicted for tax evasion

The stars of a long-running cable TV series were also found guilty of conspiring to defraud community banks out of more than $30 million in fraudulent loans.

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

June 8
AT Think Penalty relief available for employee retention credit claims

Newly released IR-2022-89 can help business clients avoid tax trouble.

June 8

Randy Crabtree

Tri-Merit Specialty Tax Professionals
International taxes

U.K. loses EU court bid to topple bloc’s tax clawback order

The order from 2019 said some businesses were given an unjustified exemption from British anti-tax avoidance rules

By Stephanie Bodoni
Reporter

June 8
AT Think In the blogs: Serious, summer and series

Don’t wait for a succession plan; ID.me looms; what the CBO sees for the next decade; and other highlights from our favorite tax bloggers.

June 7

Jeff Stimpson

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.