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 Grow your practice without adding new clients

Clients may be able to save thousands in taxes and prepare for a better future with the introduction of even the most rudimentary financial planning.

April 27

Brian Beck

WMGNA
New York

NYC's Mamdani tries defusing Griffin blowback to second-home tax

New York City Mayor Zohran Mamdani insisted his push for a new tax on pricey second homes isn't "motivated by any one individual."

By Bloomberg News

April 27
Donald Trump

Trump's $10B IRS suit hits snag with skeptical judge

A judge questioned whether the president's lawsuit against the IRS and Treasury can proceed with Trump effectively in control of both sides of the litigation.

By Erik Larson
Reporter

April 27
IRS

IRS panel calls for changes in notices, forms, tools

The Taxpayer Advocacy Panel issued its annual report calling for improvements and greater clarity in notices, forms and publications after a year of turbulence.

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

April 24
Technology

Tech news: Diligent touts AI Board Member and Agentic GRC Workforce

Plus, Gusto announces 75 new features; Infinite Ties launches new FanCAS-Kit; and other accounting tech news and updates.

By Chris Gaetano
Technology Editor

April 24
AT Think Cannabis tax relief is here, for some

The Justice Department's order delivers meaningful tax relief to the medical cannabis industry and signals a serious federal effort to align with state laws.

April 24

Mark Friedlich
Tax strategies

Schwab imposes new account curbs as tax-aware strategies boom

Charles Schwab is becoming the latest brokerage to rein in a booming but potentially risky part of its business.

By Bloomberg News

April 24

Resources

The latest Accounting Today research and discussion:

The IRS's $80 billion

Bill Smith of CBIZ MHM discusses what new funding for the service means in terms of enforcement and greater audit activity, as well as how it will impact tax pros.

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On-Demand Web Seminar The key to empowering staff with tax workflow automation

Join SafeSend as we discuss the current climate and explore automation solutions that can make a direct impact quickly. Future-thinking firms are most successful when they recognize past challenges, take the lessons to heart, and deploy tools and technology that will make them more adaptable in the event of unforeseen circumstances.

Sponsor Content from SafeSend
On-Demand Web Seminar Streamline your corporate tax department workflows

The pandemic, and the shift towards a work-from-anywhere focus, amplify the need for real-time visibility into corporate tax and accounting department activities.

Sponsor Content from Wolters Kluwer

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.