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 relief

Senators introduce bill to extend tax-filing deadline to July 15

Bipartisan legislation would extend the deadline after guidance from the Treasury Department fell short.

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

March 19
Coronavirus

NCCPAP calls for pushing all tax deadlines to Oct. 15

The group says the Treasury’s actions so far don’t reflect the difficulties taxpayers and tax professionals are facing.

By Daniel Hood
Editor-in-chief

March 19
Tax scams

New email scam targets tax pros warning their EFINs will be suspended

The IRS cautioned tax professionals about a new version of a phishing email scam targeting them.

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

March 18
Coronavirus

IRS and Treasury offer guidance on deferring tax payments amid coronavirus

The relief is only for income taxes, and doesn't change any filing deadlines.

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

March 18
AT Think VAT is becoming the global fiscal tool of choice during the coronavirus downturn

One strategy being used across international regions is to utilize value-added tax measures as a flexible and effective response to the economic slowdown.

March 18

Richard Asquith

Avalara
Tax crimes

Virus-panicked jury rushed polygamist tax case, defense says

Businessman Lev Dermen, 53, was found guilty Monday as part of a scheme to cheat the IRS out of $512 million through a program designed to promote clean fuels.

By David Voreacos

March 18
AT Think In the blogs: The Rona

Extensions; H.R. 6201; OICs; and other highlights from our favorite tax bloggers.

March 17

Jeff Stimpson

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.