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 prep software

Intuit updates tax prep tools

The company is rolling out improvements to ProConnect Tax Online, ProSeries and Lacerte ahead of the coming tax season.

By Daniel Hood
Editor-in-chief

December 3
Tax-related court cases

Tax Fraud Blotter: Human error

Pharma fraud; foreign affairs; spreading the scheme around; and other highlights of recent tax cases.

By Jeff Stimpson
Freelance writer

December 2
Politics and policy

Rushed tax moves? No regrets for these investors or advisors

Many proposals for tax hikes on the wealthy haven't materialized, leaving investors with trusts, gifts or sales that might now seem hasty — or not.

By Lynnley Browning
Managing Editor

December 2
Practice management

M&A roundup: EisnerAmper and Ryan expand

EisnerAmper merged in Caler, Donten, Levine, Cohen, Porter & Veil; and Ryan LLC acquired Qvalia's VAT recovery audit consulting unit.

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

December 2
Corporate taxes

Key U.S. business lobby likes Biden’s climate plan, rejects tax hikes

The Business Roundtable is officially opposing Biden’s economic legislation because they believe the tax increases on corporations outweigh the good in the legislation.

By Laura Davison
Capitol Hill tax reporter

December 2
Practice and client management

The Year Ahead: 2022 in numbers

Highlights of the findings from Accounting Today's annual survey of accounting firms' plans for the next 12 months.

By Daniel Hood
Editor-in-chief

December 2
IRS

IRS extends e-signatures on tax forms through Oct. 31, 2023

The Internal Revenue Service is extending the ability to electronically sign a number of different tax forms and compliance documents through the end of October 2023.

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

December 1

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.