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.

Practice management

Ryan acquires Hucke and Associates

The tax and software provider acquired Hucke and Associates, strengthening its ability to serve commercial real estate owners.

By Paige Hagy
Reporter

March 5
Tax season

6 tax compliance challenges at VITA sites in 2026

Volunteer Income Tax Assistance sites serve as the front line of tax compliance for low- and moderate-income taxpayers. The 2026 filing season has introduced several recurring issues that require heightened diligence by site coordinators and student volunteers.

By Christine Kuglin
Assistant teaching professor

March 5
Tax planning

Where OBBBA delivers the biggest tax cuts

New Tax Foundation research reveals which households and regions gain most from President Donald Trump's One Big Beautiful Bill Act.

By Elijah Nicholson-Messmer
Data Reporter

March 4
AT Think In the blogs: Slice, slice, baby

New tax changes; love it or hate it; tax spirit animal; and other highlights from our favorite tax bloggers.

March 3

Mary Ann Tasoulas

Matters Editorial
Technology

Democrats unveil bill to resurrect Direct File

Senate and House Democrats introduced legislation to bring back the Direct File free tax preparation program that was ended by the Trump administration.

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

March 2
IRS

IRS ends union contract

The IRS terminated its collective bargaining agreement with the National Treasury Employees Union, which represents most IRS and Treasury Department employees.

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

March 2
Tax forms

IRS posts form for claiming new tax deductions

The new Schedule 1-A and updated instructions enable taxpayers to claim the new tax breaks for tips, overtime, car loans and senior citizens for tax year 2025.

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

March 2

Resources

The latest Accounting Today research and discussion:

South Dakota v. Wayfair

Sales tax

Online sales tax
Wayfair at 2: The complexity continues

By Daniel Hood

June 22
Report From tax preparer to tax planner

From tax preparer to tax planner

Sponsored by AbacusNext
Tax preparation

Tax reform

Tax preparers

IRS

Tax season
Tax season so far

By Daniel Hood

March 9

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.