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 Limiting like-kind exchanges and what that means for the real estate market

The Biden administration’s tax proposals could have a negative impact on real estate investing.

August 17

Lynn Mucenski Keck

The Bonadio Group
401(k)

Not Peter Thiel? Here’s how you can build a mega Roth IRA

Advisors share a tax trick that allows professionals to build seven-figure retirement plans.

By Lynnley Browning
Managing Editor

August 17
IRS

IRS offers flexibility on Work Opportunity Tax Credit

The Internal Revenue Service is giving employers more leeway in claiming the Work Opportunity Tax Credit to hire people in underprivileged areas who face significant obstacles to employment for jobs in summer youth and community programs.

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

August 16
Tax planning

5 tips for charging clients more for tax planning

What's the best way to package and price the value practitioners added in 2021?

By Andrew Argue
CEO

August 16
International taxes

Taxing 'ghost homes' of the rich isn’t helping the housing crisis

As they struggle with an affordable housing crunch, policymakers are looking at targeting the empty homes of the wealthy.

By Bloomberg News

August 16
Tax credits

Advance CTC payments may be making a dent in hunger

36 million taxpayers should start seeing their second CTC payments today, though the IRS had some caveats.

By Daniel Hood
Editor-in-chief

August 13
AT Think 5 ways to plan for higher capital gains taxes

Clients can begin planning now for potentially higher tax rates.

August 13

Robert Bennett

Corvee

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.