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.

IRS

IRSAC: Full funding for IRS a smart ‘first step’

The advisory group’s annual report supports the IRS’s 2022 budget request.

By Jeff Stimpson
Freelance writer

November 17
IRS

IRS warns of tax debt OIC scams

The Internal Revenue Service posted a series of videos to explain how taxpayers can steer clear of scammers who claim to be able to help them with their tax debts while charging exorbitant fees and making outrageous claims.

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

November 17
IRS

IRS beefs up identity verification for online self-help

The Internal Revenue Service is strengthening the identity verification and sign-in process for its online self-help tools after a number of high-profile data breaches.

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

November 17
SALT deduction

SALT proposals give windfall to top earners in high-cost areas

Well-off professionals in costly areas of the U.S. are set to get a windfall from competing plans to change the deduction limit for state and local taxes.

By Ben Steverman and Laura Davison

November 17
Tax evasion

Billionaire Brockman’s memory strong in lawsuit, lawyer says

A lawyer who questioned the software billionaire in an antitrust lawsuit supported prosecutors who fake dementia to avoid trial on tax-evasion charges.

By David Voreacos

November 17
SALT deduction

Senate SALT Plan would fully lift cap within income limits

Sen. Bernie Sanders is working on a proposal to set an income threshold for an unlimited state and local tax deduction.

By Laura Davison
Capitol Hill tax reporter

November 17
AT Think In the blogs: Tsunamis of change

Keeping your peeps; Better’s economic impact; new to us; and other highlights from our favorite tax bloggers.

November 16

Jeff Stimpson

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.