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.

Intuit

Intuit Practice Management now available across accountants products

The program is now available for ProConnect Tax Online, Lacerte and ProSeries.

By Ranica Arrowsmith
Technology Editor

September 2
State taxes

New proposition threatens California’s real property tax haven

Proposition 19 would change key aspects of the landmark Prop 13.

By Roger Russell
Senior Editor

September 2
AT Think In the blogs: Good citizens

Domestic and international; contractors and nonprofits; IRS big-debt help; and other highlights from our favorite tax bloggers.

September 1

Jeff Stimpson
IRS

IRS finalizes regs on BEAT for multinationals

The Internal Revenue Service released final regulations for the base erosion and anti-abuse tax that is supposed to discourage multinational corporations from shifting profits overseas.

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

September 1
Tax returns

Trump wins delay of New York subpoena for his tax returns

A federal appeals court granted President Donald Trump an order delaying enforcement of the Manhattan district attorney’s subpoena for his tax returns while it considers his latest legal challenge but may rule quickly in the matter.

By Bob Van Voris
Reporter

September 1
Small business

Wages and hiring growing fastest among small businesses in Northeast amid coronavirus

As COVID-19 lockdown restrictions eased, New York, New Jersey and Pennsylvania businesses benefited.

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

September 1
Tax refunds

Treasury says most stimulus payments to the dead recouped

The Trump administration said it’s recovered almost 70 percent of $1.6 billion in relief payments mistakenly sent to dead people.

By Mark Niquette
Reporter

September 1

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.