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.

Tax rates

Wall Street workers may want bonuses ahead of possible Biden win for tax reasons

Wall Street firms may start facing pressure to pay out bonuses earlier than usual as their employees worry about the prospect of higher taxes under a Biden administration and Democrat-controlled Senate.

By Elaine Chen
Reporter

September 17
IRS

IRS set to begin rolling out new case management system

The Internal Revenue Service is starting with the customer support area of its Exempt Organizations unit.

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

September 16
Wolters Kluwer Tax & Accounting

CCH Axcess e-filing goes down on tax deadline

Tax preparers started noticing e-filing was not functional on Tuesday, September 15, with some receiving a message saying the system was experiencing “temporary filing errors.”

By Ranica Arrowsmith
Technology Editor

September 16
Payroll taxes

Senate, Supreme Court opt out of Trump payroll tax deferral

The U.S. Senate and Supreme Court are joining the House in not implementing President Donald Trump’s order allowing employers to defer payroll taxes owed by workers.

By Laura Davison and Laura Litvan

September 16
AT Think In the blogs: Useful results

Crypto help wanted; PPP and R&D; SEO tips; and other highlights from our favorite tax bloggers.

September 15

Jeff Stimpson
Tax regulations

IRS finalizes regulations for rehabilitation tax credit

Final rules have been released for claiming the rehabilitation credit under the Tax Cuts and Jobs Act.

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

September 15
PwC

CFOs expect corporate tax rates to go up after election

No matter whether Trump or Biden wins in November, a new survey from PwC indicates taxes may be rising.

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

September 15

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.