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 tools

Greatland buys W-2/1099 prep company Jasteck

Jasteck users will transition to Greatland’s Yearli platform.

By Ranica Arrowsmith
Technology Editor

September 16
Tax planning

Biden to turn up pressure on Democrats balking at spending bill

President Biden plans to urge Democrats to unite, focusing on the struggles of middle class families.

By Bloomberg News

September 16
Roth IRAs

Democrats’ tax plan kills backdoor Roths, sharply curbs founder stock loophole

Two of the most generous tax loopholes are on the chopping block, the latest surprise in emerging tax increases.

By Lynnley Browning
Managing Editor

September 15
Practice management software

Tech news: TPS injects dog humor into practice management software, and more

Expensify Card now offers cash back, and Corvee launches tax planning strategy deep dive webinar series.

By Ranica Arrowsmith
Technology Editor

September 15
Tax planning

Tax hikes to pay for Biden agenda approved by House committee

The biggest set of U.S. tax increases in a generation took a major step forward on Wednesday.

By Erik Wasson and Allyson Versprille

September 15
Tax relief

Senators introduce disaster tax relief bill backed by AICPA

Lawmakers proposed bipartisan legislation in the Senate to allow the Internal Revenue Service to postpone filing deadlines when a state-level disaster declaration is issued, rather than waiting for the federal government.

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

September 15
Diversity and equality

10 key benefits of hiring employees with disabilities

It can help firms and clients improve their bottom line, while boosting diversity, team morale and community relations.

By Randy Crabtree
Co-founder and partner

September 15

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.