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.

Sales tax

The fight against sales taxes on professional services goes on

Maryland and California are the main fronts in a continuing war.

By Roger Russell
Senior Editor

March 30
Tax deductions

Trump says he wants to restore tax deductions for business meals

President Donald Trump said he wants to restore corporate tax deductions for business meals as restaurants reel from the impact of the coronavirus outbreak.

By Josh Wingrove

March 30
Coronavirus

$2.2T coronavirus stimulus package signed into law

The measure contains tax relief for both businesses and individuals, and other stimulus measures.

By Roger Russell
Senior Editor

March 27
AT Think Tax Strategy: New health reimbursement arrangements for 2020

Employers have more options for helping employees with medical care.

March 27

Mark A. Luscombe

Wolters Kluwer Tax & Accounting
Tax credits

Senate staffers offer answers on coronavirus recovery rebate checks

Republican staff on the Senate Finance Committee have released a set of answers to frequently asked questions about the stimulus payments.

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

March 27
IRS

IRS closes Practitioner Priority Service and e-Services Help Desk due to coronavirus

The Internal Revenue Service is shutting down its Practitioner Priority Service line, e-Services Help Desk, as well as the e-Services FIRE and AIR system help desks, until further notice, due to staff limitations amid the pandemic.

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

March 27
Tax planning

Major changes in RMDs and retirement contributions in $2T stimulus plan

The passage extends the IRA contribution deadline and waives RMDs for 2020. Here’s what else financial advisors need to know.

By Ed Slott
Founder

March 27

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.