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.

AT Think Art of Accounting: The middle of the war

Tax season can be one of your best opportunities or a miserable war.

March 9

Edward Mendlowitz

Withum
Tax regulations

IRS offers tax reporting exemption to foreign retirement trust holders

The Internal Revenue Service is giving holders of foreign retirement trusts an exemption from some of the information reporting requirements, along with the abatement of penalties.

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

March 9
Coronavirus

Tax pros prepare for the coronavirus

With new technology, new workflows, and plenty of hand sanitizer, preparers are ready for the disease.

By Jeff Stimpson
Freelance writer

March 6
IRS

IRS names director of new Fraud Enforcement Office

Criminal Investigation veteran Damon Rowe will launch the new effort to fight the unscrupulous.

By Jeff Stimpson
Freelance writer

March 6
Estate planning

Heirs of ultra-wealthy can profit even when markets plunge

The super-wealthy can deploy sophisticated strategies to pass on billions of dollars to their descendants tax-free.

By Ben Steverman
Personal finance reporter

March 6
Cyber attacks

TurboTax phishing scam with Excel attachment makes the rounds

A new TurboTax phishing scam is going around, and cybersecurity experts are warning taxpayers to be vigilant this tax season to protect themselves against cybercrime.

By Ranica Arrowsmith
Technology Editor

March 6
Tax-related court cases

Tax Fraud Blotter: False advertising

Papers trail; House of cards; trickle down; and other highlights of recent tax cases.

By Jeff Stimpson
Freelance writer

March 5

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.