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 Sales tax and scalability: Why your ERP isn't enough

ERP systems are powerful for core operations. But indirect tax is a different beast. It demands specialized capabilities that most ERP platforms simply can't deliver.

September 26

Mike Sanders

CereTax
Technology

Tech news: KPMG trumpets new AI assurance capabilities

Plus, Acumatica rolls out 2025 R2 release; Qount announces AI-Powered 1099 Workflow solution; and other accounting tech news and updates.

By Chris Gaetano
Technology Editor

September 26
Tariffs

Trump plans new tariff push with 100% rate on patented drugs

President Trump announced a fresh round of tariffs on pharmaceuticals, heavy trucks and furniture.

By Bloomberg News

September 26
AT Think International tax compliance in a post-OBBBA world

The One Big Beautiful Bill Act reshapes core elements of international taxation, including the rules for controlled foreign corporations, foreign-derived income, and base erosion taxes.

September 26

Prasad Barri

Saicedar LLC
Tax-related court cases

Tax Fraud Blotter: Killer deals

Stealing her age; unmade in the U.S.A.; bad company; and other highlights of recent tax cases.

By Jeff Stimpson
Freelance writer

September 25
Practice management

The liability landscape for tax season

A look ahead at what tax professionals and accountants should be worrying about getting sued for next year.

By Roger Russell
Senior Editor

September 25
Tax strategies

Cannabis cos. find tax workaround via ESOPs

Some cannabis companies are getting around the tax problems they typically face by setting up employee stock ownership plans.

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

September 25

Resources

The latest Accounting Today research and discussion:

Web Seminar Rethinking busy season: A modern operating model for K-1s

Busy season is over—but the bruises are still fresh. Many firms expected smoother K-1 workflows, yet encountered the same familiar bottlenecks, last-minute delays, and staff burnout. Instead of tweaking around the edges, we'll explore a modern operating model for managing K-1s at scale – from intake through exchange – designed to reduce rework, cycle time, and eliminate seasonal chaos.

Partner Insights from K1X
Tariffs and your clients

Dean Peterson and Blair Robbins of Eisner Advisory Group discuss the tax and business ramifications of the Trump administration's tariff policies that accountants should be advising clients about.

Sponsored by Intuit Quickbooks
How Advisory Services Create a Competitive Edge

Design advisory services that drive growth

Partner Insights from Wolters Kluwer

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.