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.

International taxes

Internet giants threatened with forced disclosure in France

France’s former digital affairs minister wants to force internet giants like Amazon, Alphabet, Microsoft, Facebook and Apple to reveal how much profit they make in France, saying the companies are understating their French activities to a vast extent.

By Bloomberg News

September 26
Tax regulations

IRS updates per diem rates for lodging and meal expenses when traveling

The Internal Revenue Service issued new rates for business travelers to use.

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

September 25
AT Think Innovation meets regulation: The looming tax headache for Airbnb hosts

Vacation rental property owners are finding out that their lofty dreams of taking their extra income and qualifying for a juicy tax deduction might be just that: a fantasy.

September 25

Shaun Hunley

Tax & Accounting Professionals business of Thomson Reuters
International taxes

Gucci tax scandal spreads as Italy targets executive pay

Authorities probe more than a dozen of the luxury brand’s current and former executives over an alleged tax-avoidance scheme.

By Bloomberg News

September 25
Tax planning

Sanders, Warren compete for who can tax billionaires the most

Senator Elizabeth Warren’s wealth tax proposal is big. Senator Bernie Sanders’ is about 60 percent bigger.

By Laura Davison
Capitol Hill tax reporter

September 25
AT Think In the blogs: Vape fear

Expanding the EITC; helping with ITINs; confusing nexus; and other highlights from our favorite tax bloggers.

September 24

Jeff Stimpson
Tax deductions

IRS offers safe harbor for rental real estate business deduction

The Internal Revenue Service is giving those who own an interest in rental real estate a safe harbor to allow them to qualify for the section 199A deduction.

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

September 24

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.