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.

Donald Trump

Trump sues Manhattan D.A. as state seeks president’s tax returns

The president sued District Attorney Cyrus Vance Jr. after Vance demanded eight years of tax returns in a probe of whether the Trump Organization falsified business records.

By Chris Dolmetsch and Greg Farrell

September 19
Elizabeth Warren

Warren’s wealth tax would be a pain for the IRS and a boon for appraisers

Senator Elizabeth Warren’s campaign promise to fund social programs by making America’s wealthiest pay a small percentage of their fortune every year could create a costly and difficult compliance system for both the taxpayers and the IRS.

By Laura Davison
Capitol Hill tax reporter

September 19
AT Think In the blogs: The rate stuff

Rusty WordPress; first impressions; return to many senders; and other highlights from our favorite tax bloggers.

September 17

Jeff Stimpson
AT Think A 50-year celebration for tax tactician Sidney Kess

The UJA-Federation of New York recognizes the tax expert for his half-century of dedication.

September 17

Don Korn
Tax reform

Hard to decode: Preparers discuss the TCJA’s biggest challenges

Counting all the ways that tax reform challenges practitioners.

By Jeff Stimpson
Freelance writer

September 17
SCOTUS

SCOTUS weighs hearing interstate double-taxation case

At issue is how far states can go in taxing those who cross borders.

By Roger Russell
Senior Editor

September 17
Tax fraud

Bankers or mobsters becomes question in German Cum-Ex probe

Germany’s biggest tax scandal has landed the masters of the financial universe with an unflattering label: criminal organizations.

By Bloomberg News

September 17

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.