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 cuts

Trump talks tax cuts at State of the Union

President Trump referred to the impact of the Tax Cuts and Jobs Act on job creation during his State of the Union address on Tuesday night.

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

February 5
AT Think Federal awards and nonprofits: Five steps to compliance

Organizations need to get serious about following government rules from the very beginning.

February 5

Adi Rubin

Raffa - Marcum
AT Think In the blogs: Ultra-frivolous

Making them pay; immigrants and filing; 12 days; and other highlights from our favorite tax bloggers.

February 4

Jeff Stimpson
AT Think States want real-time sales tax remittance, but what will it take to get there?

Massachusetts Governor Charlie Baker recently released the 2021 budget proposal for the state, which includes a plan that will require businesses to remit sales tax from digital transactions on a daily basis.

February 4

Scott Peterson

Avalara
Tax-related ID theft

IRS launches ID-theft info page

The new resource includes what to do if you're the victim of ID theft, and advice for tax professionals.

By Jeff Stimpson
Freelance writer

February 4
Election 2020

The Democratic candidates’ tax plans: Changes for businesses

Grant Thornton compares the contenders’ proposals in four categories.

By Omair Taher and Dustin Stamper

February 4
Election 2020

The Democratic candidates’ tax plans: Changes for individuals

Grant Thornton compares the contenders’ proposals in five categories.

By Omair Taher and Dustin Stamper

February 4

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.