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 Plan now for two major changes to R&D credits

New reporting requirements and possible amortization are on the way.

December 20

Heidi Henderson

Engineered Tax Services
IRS

Taxpayer data still at risk at IRS: TIGTA

An IT audit finds progress on many fronts, but COVID proved that modernization remains a must for the agency.

By Daniel Hood
Editor-in-chief

December 20
IRS

New guidance on changing accounting methods

Revenue Procedure 2022-9 lays out the procedures for getting automatic consent to a change to the cash method.

By Daniel Hood
Editor-in-chief

December 17
IRS

IRS raises some mileage rates for 2022

For business use and medical purposes, they’re up by at least 2 cents.

By Jeff Stimpson
Freelance writer

December 17
Finding Tax Solutions for the Future

Accounting Today Editor Dan Hood sat down with Cathy Rowe, a vice president of tax and accounting at Wolters Kluwer, to discuss the tax landscape and how technology can help accountants succeed in the future.

Partner Insights from Wolters Kluwer
SPECIAL REPORT: 2021 Year-End Tax Planning

Planning Strategies and Techniques Available Through End of Year

Partner Insights from Wolters Kluwer
How to Budget and Plan with Data You Already Have

Let’s be honest; no-one (well, almost no-one) likes the budgeting and planning process. But what if there was a way to draw a direct line from daily activities and engagements to the accounting firm and client data you need when making annual budgeting and planning decisions?

Partner Insights from Wolters Kluwer

Resources

The latest Accounting Today research and discussion:

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
Report Progress under pressure: The 2026 post-tax season report

Leading firms share the tools, process changes, and strategies behind a better tax season experience.

Partner Insights from Rightworks

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.