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.

Artificial Intelligence

Using AI to get ahead of the IRS

Tax practitioner Bill Nemeth gets ahead of CP2000 letters with artificial intelligence.

By Roger Russell
Senior Editor

October 22
Tax preparers

Listen up: Veterans offer their best advice for new tax pros

From education and pricing to memberships to marketing, experienced practitioners share what they’ve learned about starting out in the profession.

By Jeff Stimpson
Freelance writer

October 21
IRS

Two million ITINs expire in 2019

Numbers that haven’t been used in three years will also expire.

By Jeff Stimpson
Freelance writer

October 21
IRS

PTIN renewal season begins

The IRS is now accepting applications and renewals for the tax preparer ID numbers.

By Jeff Stimpson
Freelance writer

October 21
Tax planning

Warren plans to fund $800B education plan with wealth tax

The levy on fortunes over $50 million would also be slated to pay for her child-care plan, cancelling student debt and more.

October 21
IRS

IRS projects fewer schedules, more e-filing

The Statistics of Income Division’s latest report looks ahead to a new filing landscape.

By Jeff Stimpson
Freelance writer

October 18
AT Think Art of Accounting: Lessening compression oppression

Here are some suggestions on how to pull work out of tax season and push it into November and December to better handle the extra work.

October 18

Edward Mendlowitz

Withum

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.