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 What nonprofits and their accountants need to know about the OBBBA

The One Big Beautiful Bill Act contains several provisions that could affect the future of nonprofit organizations.

September 17

Larry Mohr

Baker Tilly
Tax planning

Taylor and Travis may need some tax advice

The music superstar and Kansas City Chiefs football player together would have a vast fortune and are likely to need expert tax and financial planning advice.

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

September 17
Technology

Tax pros love AI, but aren't giving up on search engines

More than half of tax practitioners use AI for research, but don't count out the classic search engine, which remains an essential tool for many.

By Chris Gaetano
Technology Editor

September 17
Tax credits

GOP unveils bill to avert shutdown

Democratic demands include extending expiring Obamacare premium tax credits and reversing cuts to Medicaid made in Trump's signature tax law.

By Erik Wasson
Capitol Hill reporter

September 17
AT Think In the blogs: Getting your hands dirty

Substantial presence; not in the floor but in ourselves; confusion and complexity; and other highlights from our favorite tax bloggers.

September 16

Jeff Stimpson
AT Think Constitutional challenges erupt over IRS crypto summonses

Taxpayers who believed cryptocurrency offered privacy now face an environment where the IRS can access their data.

September 16

David Klasing

The Tax Law Offices of David W. Klasing
Tax regulations

IRS finalizes regs on Roth catch-up rule

The Internal Revenue Service and the Treasury issued final regulations on the new Roth catch-up contribution rule from the SECURE 2.0 Act.

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

September 16

Resources

The latest Accounting Today research and discussion:

Web Seminar Rethinking busy season: A modern operating model for K-1s

Busy season is over—but the bruises are still fresh. Many firms expected smoother K-1 workflows, yet encountered the same familiar bottlenecks, last-minute delays, and staff burnout. Instead of tweaking around the edges, we'll explore a modern operating model for managing K-1s at scale – from intake through exchange – designed to reduce rework, cycle time, and eliminate seasonal chaos.

Partner Insights from K1X
Tariffs and your clients

Dean Peterson and Blair Robbins of Eisner Advisory Group discuss the tax and business ramifications of the Trump administration's tariff policies that accountants should be advising clients about.

Sponsored by Intuit Quickbooks
How Advisory Services Create a Competitive Edge

Design advisory services that drive growth

Partner Insights from Wolters Kluwer

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.