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-related court cases

Tax Fraud Blotter: Bad policies

Broken Link; pit stopped; c’mon, Man; and other highlights of recent tax cases.

By Jeff Stimpson
Freelance writer

November 11
IRS

Taxpayer Advocate no longer helping with amended returns

The backlog of unprocessed returns has prompted the TAS to reject requests for assistance where the only issue involves amended returns.

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

November 11
Tax planning

Musk offloads $5B of Tesla stock as tax debate rages

The world’s richest person has disposed of more than 4.5 million shares so far this week.

By Anders Melin

November 11
IRS

IRS adjusts tax levels for inflation in 2022, raises standard deduction

The service released its annual inflation adjustments Wednesday, including the standard deduction amount for individual and married taxpayers.

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

November 10
IRS

Biden agenda faces revenue doubt with IRS boost likely left out

A major IRS enforcement boost will likely be omitted from a forthcoming top-line revenue estimate of Democrats’ tax-and-spend package.

By Bloomberg News

November 10
AT Think In the blogs: Beneficial outcomes

Infrastructure and crypto; how pros would tackle tax policy; withholdings and non-resident employees; and other highlights from our favorite tax bloggers.

November 9

Jeff Stimpson
IRS

IRS Appeals to stay virtual for time being

Officials shared information on mid-February returns, preparing for next tax season, and more.

By Roger Russell
Senior Editor

November 9

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.