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

SCOTUS weighs case involving foreclosure to pay off tax debt

The Supreme Court heard arguments in a case revolving around whether a county violated the rights of a homeowner whose home was foreclosed on for owing taxes.

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

March 13
Tax code

Some states are 'decoupling' from OBBBA tax changes

While Republican-led states are mostly adopting the various tax changes from the One Big Beautiful Bill Act, some states led by Democrats are refusing to go along.

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

March 13
IRS

Bessent no longer acting IRS commissioner

The Internal Revenue Service confirmed Treasury Secretary Scott Bessent's term as acting IRS commissioner has expired, although he will continue to oversee it.

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

March 13
Tax planning

3 top tax questions clients are asking this filing season

Questions this season reflect confusion about 1099 income, new OBBBA deductions and retirement considerations, according to data from online expert platform JustAnswer.

By Elijah Nicholson-Messmer
Data Reporter

March 12
Income taxes

Democrats introduce bill to eliminate or reduce income taxes

The legislation would eliminate income taxes for Americans who earn less than $46,000 and reduce income taxes for those making between $46,000 and $80,500.

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

March 12
Tax-related court cases

Tax Fraud Blotter: And then there were three

Millionaire's lifestyle; Cocoplum loco; bourbon beef; and other highlights of recent tax cases.

By Mary Ann Tasoulas
President

March 12
AT Think Inside California's fight over the billionaire tax

California's proposed wealth tax has become one of the most closely watched fiscal policy experiments in American history.

March 12

Anastasia Atamanchuk

Gursey Schneider

Resources

The latest Accounting Today research and discussion:

White Paper Addressing corporate tax workpapers challenges

Workpapers are a fundamental element of the workflow at corporate tax departments. Given their importance, solutions that involve workpapers should integrate well with other related processes to save time and avoid errors. Read More.

Sponsor Content from Bloomberg Tax and Accounting
Web Seminar Tax planning for 2024

Tax experts weigh in on how to get clients thinking about what they need to do before the end of the year — and what they can do to make the next year more tax-efficient.

Sponsored by M-Files
Special Report The tax office of the future

Tax planning has never been more important — or more difficult — and that's why the next generation of tax preparers are adding tax advisory and resolution services to their core offerings.

Sponsored by bizz2

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.