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 Tax professionals face broad challenges through 2026

Tax work has always required patience, judgment and a steady hand. What is different today is the speed of change and the pressure that comes with it.

December 19

Mark Friedlich
Tax-related court cases

Tax Fraud Blotter: 941 extravaganza

Get down with PPP; go Huskies; and other highlights of recent tax cases.

By Jeff Stimpson
Freelance writer

December 18
Tax relief

Congress passes law to extend tax deadlines after disasters

Congress has passed a bill giving taxpayers who have been affected by natural disasters some extra time to file a claim for a tax credit or refund.

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

December 18
Portfolio strategies

How asset location fuels financial advisors' value to clients

Independent research firm Morningstar's latest study of the value of financial advice examines tax-efficient IRA asset location during the decumulation phase.

By Tobias Salinger
Chief Correspondent

December 18
Retirement planning

Open enrollment changes under SECURE 2.0

The open enrollment season for employee benefits is underway at many companies, and employees may be seeing changes this year thanks to the SECURE 2.0 Act.

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

December 18
AT Think Solopreneurs should do these 5 things before Dec. 31

Missing the window to make these decisions before year's end means losing a full year of potential savings.

December 18

Ran Harpaz

Lettuce Financial
AT Think In the blogs: Thinkin' about tomorrow

No expertise needed; losing Trump benefits; excise taxes can't replace property taxes; and other highlights from our favorite tax bloggers.

December 17

Jeff Stimpson

Resources

The latest Accounting Today research and discussion:

Web Seminar The psychology of a modern tax workflow: Reducing anxiety, decision fatigue & compliance risk

In this session you'll learn practical, firm-tested principles to reduce confusion, improve predictability, and strengthen both client and staff confidence.

Partner Insights from SmartVault
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

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.