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 A practical guide to perfecting your tax research techniques

The following steps will guide you in establishing an all-inclusive tax research effort on behalf of your entire client base while ascertaining the likelihood of success.

January 19

Peter J. Scalise

Sax LLP
Tax fraud

Trump likely used ‘fraudulent’ asset valuations, N.Y. AG says

New York’s attorney general asked a judge to order Donald Trump and two of his adult children to testify under oath as part of a civil probe.

By Erik Larson
Reporter

January 19
AT Think In the blogs: No sugarcoating

Bumps ahead; Airbnb risks; the case for the CTC; and other highlights from our favorite tax bloggers.

January 18

Jeff Stimpson
IRS

IRS sets sights on NFT investors owing billions in taxes

It’s one of the hottest corners of crypto — and now the U.S. government wants its share of the profits.

By Allyson Versprille
Tax reporter

January 18
AT Think The fourth pillar of credit and incentive projects: Jobs

Advice from accountants on economic incentives can help bring more tax revenue and employment to communities.

January 18

Ben Worrell

McGuire Sponsel
Accounting software

AI-powered tax platform April launches after $10M seed round

The company uses natural language processing and human-assisted AI, along with partnerships with financial institutions, to streamline the tax preparation process and more closely align it with financial wellness.

By Danielle Lee
Editor-in-Chief

January 18
Tax credits

Families face ‘devastating’ hit as monthly CTC ends

Millions of American families came to depend the advanced credit amid a surge in the cost of living and the continued spread of COVID-19.

By Laura Davison
Capitol Hill tax reporter

January 18

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.