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.

Phishing

Scamdemic: Preparers help clients dodge COVID schemes

The IRS is working with tax professionals to warn the public about coronavirus scams.

By Jeff Stimpson
Freelance writer

December 10
AT Think In the blogs: Nudge nudge

Extending the season; rebuilding revenues; taxes on the citizens’ test; and other highlights from our favorite tax bloggers.

December 8

Jeff Stimpson
Tax planning

New end-of-year tax planning issues

Wolters Kluwer’s Mark Luscombe rounds up a host of items practitioners may want to address soon.

By Roger Russell
Senior Editor

December 8
Tax preparation

NATP calls for speakers, topics for 2021

The National Association of Tax Professionals is accepting proposals for speakers and topics at its 2021 annual conference and its virtual 2021 TaxCon event.

By Jeff Stimpson
Freelance writer

December 8
Tax season

Ready, set: Tax pros prepare for tax season

Practitioners share what they’re doing to get ahead of 2021.

By Jeff Stimpson
Freelance writer

December 8
AICPA

AICPA joins in calling for PPP expense forgiveness legislation

The American Institute of CPAs has joined with over 560 business and trade organizations in urging Congress to pass legislation.

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

December 4
Tax-related court cases

Tax Fraud Blotter: Spinal rap

Busted; ‘an undercover agent or anything;’ dastardly deeds; and other highlights of recent tax cases.

By Jeff Stimpson
Freelance writer

December 3

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.