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 research

Software Survey: For tax research, the only constant is change

Research providers are always working to keep up — and get ahead.

By Ted Needleman
Contributing editor

October 3
International taxes

Italy to investigate Netflix for failing to file taxes

Prosecutors believe the streaming company has enough local presence to owe taxes.

October 3
AT Think Tax Strategy: Handling underpayment of estimated tax penalties

Three pieces of IRS guidance have created changes for taxpayers and preparers.

October 3

Mark A. Luscombe

Wolters Kluwer Tax & Accounting
Elizabeth Warren

Warren proposes steep lobbying taxes on top U.S. companies

Businesses would have to pay a tax based on the amount they spent to lobby the government.

October 2
Tax returns

How much more would Democrat candidates pay under their own tax plans?

Warren, Biden, Sanders and Harris

October 2
AT Think In the blogs: SALT and wounds

A fresh look at fraud; local tax moves; work propaganda; and other highlights from our favorite tax bloggers.

October 1

Jeff Stimpson
Tax relief

IRS grants foreign-stock relief

Rev. Proc. 2019-40 will limit the inquiries some U.S. taxpayers have to face.

By Jeff Stimpson
Freelance writer

October 1

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.