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

Amazon becomes sticking point in talks on global tax

A U.S.-driven effort to reach a global accord on taxing big tech companies’ overseas profits is getting bogged down over ensnaring one company in particular.

By Isabel Gottlieb and Saleha Mohsin

April 21
AT Think In the blogs: Today’s specials

Unfairness in the Tax Code; implementing inclusion; the stimulus and 2021 returns; and other highlights from our favorite tax bloggers.

April 20

Jeff Stimpson
Tax credits

Padgett offers solutions for Employee Retention Credit woes

A dedicated address for Forms 9410-X would be a start, the company told the IRS.

By Roger Russell
Senior Editor

April 20
Tax credits

Bill offers tax credits to businesses owned by women, POC

The legislation aims to reduce inequality by giving more entrepreneurs access to capital through tax incentives.

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

April 20
AT Think Opportunities rise as the CFO role expands

Finance leaders are in a pivotal position to be even more strategic partners to leaders across the enterprise.

April 20

Wes Bricker

PwC
AT Think Businesses should prepare for Biden’s tax reforms

There are financial, operational and remedial measures that companies can implement to mitigate the eventual impact of the administration's tax plan.

April 20

Sanjay Agarwal

MGO
Pass-through entities

Independent advisors: Have you scored the 20% pass-through tax break?

Many RIAs can qualify for this lucrative benefit. Here’s what you need to know this tax filing season.

By Lynnley Browning
Managing Editor

April 20

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.