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.

International taxes

EU eyes new tax framework going beyond current global plans

A proposal to create a more coherent tax regime for the bloc would require unanimity among its 27 member states.

May 18
AT Think In the blogs: Coping and hoping

The ARP and local aid; advocating for higher taxes; a question of dependency; and other highlights from our favorite tax bloggers.

May 18

Jeff Stimpson
IRAs

With advisor fees no longer deductible, paying them comes with tax tradeoffs

Pulling the costs directly out of clients’ IRAs can blunt the sting, but it shrinks the pot of tax-deferred retirement assets.

By Lynnley Browning
Managing Editor

May 18
Online sales tax

Remote nexus scores final victory in last holdout state

The last of the ‘Wayfair dominoes’ falls with Missouri’s new legislation.

By Roger Russell
Senior Editor

May 18
Tax returns

White House releases tax returns for Biden, Harris

Both the president's and the vice president's incomes

May 18
State taxes

N.J. residents pay the most in lifetime taxes, W. Virginians the least

The average American will pay $525,037 in taxes over their whole lives.

May 17
Tax season

Tax Day arrives late, with IRS behind on millions of returns

This season may be just a harbinger of difficult tax seasons to come.

By Laura Davison
Capitol Hill tax reporter

May 17

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.