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 planning

Biden plan would raise taxes on top 1% by $299K, study says

An independent analysis of the Democratic presidential candidate’s tax plan includes new tax credits for buying electric cars and investing in renewable energy as well as other breaks for student loans and family caregiving.

By Bloomberg News

March 5
Tax season

5 pro-tips for surviving tax season

Bill up front, and other nuggets.

By Vanessa Kruze
Founder and CEO

March 5
IRS

The IRS's six areas for improvement

NCCPAP's Stephen Mankowski offers an inside look at the service's latest initiatives.

By Roger Russell
Senior Editor

March 4
Bitcoin

Uphold and TaxBit partner to tackle incorrect audits of crypto investors

The AICPA is also urging the IRS to expand and clarify its cryptocurrency guidance.

By Ranica Arrowsmith
Technology Editor

March 4
AT Think U.K. plays the U.S. card as Brexit gets ugly

For U.S. firms advising clients who sell internationally, the evolving tailwinds suggest the rewards of a U.S.-U.K. bilateral deal could be major.

March 4

Richard Asquith

Avalara
International taxes

Tax deployed as Europe’s biggest weapon to halt climate change

The region with the highest taxes in the world is weighing how to use them in the fight against climate change.

By Bloomberg News

March 4
AT Think In the blogs: Easing the confusion

New M&E regs; candidates and public transit; ID PINs?; and other highlights from our favorite tax bloggers.

March 3

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.