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.

Donald Trump

Trump loses effort in appeals court to block Vance tax subpoena

A federal appeals panel rejected President Donald Trump’s latest bid to block the Manhattan district attorney from getting his tax filings and other financial records.

By Bob Van Voris and Chris Dolmetsch

October 7
AT Think In the blogs: Time to panic

Field audits down; streamlining taxes for social policies; bad-date boondoggle; and other highlights from our favorite tax bloggers.

October 6

Jeff Stimpson
AT Think Changes are coming: Preparing for the tax operations storm

The recent announcement of potential financial transaction taxes in New York and New Jersey alongside new regulations represent a growing operational challenge.

October 6

Daniel Carpenter

Meritsoft
Tax crimes

The unemployed trader who became a $700M Cum-Ex tax exile

German lawmakers have called it the greatest tax heist in history.

By Ellen Milligan, Donal Griffin and Karin Matussek

October 6
Tax crimes

Cybersecurity pioneer McAfee arrested for U.S. tax evasion

Elusive cybersecurity pioneer John McAfee was arrested in Spain for tax evasion in the U.S.

By Chris Dolmetsch
Reporter

October 6
Election 2020

Election 2020: Tax policy in a ‘blue wave’ versus a ‘red tide’

Whoever wins Nov. 3, there are sure to be changes ahead in tax rates and tax policy.

By Roger Russell
Senior Editor

October 6
Tax season

Over-extended: Tax pros look to October 15

Practitioners share their concerns and hopes in the run-up to the final filing deadline.

By Jeff Stimpson
Freelance writer

October 6

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.