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: No relief in sight

Taking care of it; inconvenient truths; lies cost extra; and other highlights of recent tax cases.

By Jeff Stimpson
Freelance writer

August 12
Tax

Trump, House Dems both appealing order on financial records

The judge's order had required accounting firm Mazars USA to release some of the former president's tax records.

August 12
Tax season

Survey: COVID relief, changing laws were last tax season’s headaches

The NATP poll of more than 20,000 tax pros finds that many of them plan to hire more staff next tax season.

By Jeff Stimpson
Freelance writer

August 12
M&A

Ryan acquires property tax consultant

The acquisition of PS Johnson strengthens the tax firm in Canada and in property tax services.

By Daniel Hood
Editor-in-chief

August 12
Wealth Think Tax planning in uncertain times: 4 focus areas for advisors

As we await tax changes, here are some strategies that should help in any environment, write two tax partners.

August 12

Joel Friedlander

Ernst & Young LLP
Technology

Crypto software firm’s value tops $1.3B with new funding

TaxBit vaulted to unicorn status amid the boom in cryptocurrency and as new regs take hold requiring brokers to report transactions to the IRS.

August 12
Tax audits

New York blitzes $100K earners with remote-worker tax audits

State tax authorities have sent more than 149,000 audit notices, including automatically computerized letters.

August 12

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.