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 regulations

Cryptocurrency investors get new IRS income-reporting rules

The guidance is the first since 2014.

October 10
Corporate taxes

Trump weighs weakening Obama rules to curb corporate inversions

The regs aimed to prevent U.S. companies from shifting income to offshore branches.

October 9
Bitcoin

IRS issues more guidance on cryptocurrency

New releases address virtual currency transactions and how to handle a ‘hard fork.’

By Jeff Stimpson
Freelance writer

October 9
Cloud hosting

Intuit ProConnect Group introduces cloud hosting for ProSeries and Lacerte

Partnering with Right Networks, Intuit provides a secure, offsite option fo tax professionals, eliminating the need for on-site servers.

By Ranica Arrowsmith
Technology Editor

October 9
International taxes

OECD proposes new compromise in digital tax feud

The world's richest countries are seeking a solution for taxing multinational companies.

October 9
AT Think In the blogs: Mind the gap

Taxes in retirement; problems with plateauing; savings ahead for filers; and other highlights from our favorite tax bloggers.

October 8

Jeff Stimpson
Cloud computing

Fresh ideas on taxing the cloud

At long last, the IRS proposes new regs on cloud transactions.

By Roger Russell
Senior Editor

October 8

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.