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 evasion

Trump’s Panama hotel company accused in lawsuit of tax evasion

A onetime business partner of Donald Trump’s hotel management company claimed in a court filing that the president’s firm evaded income taxes on a project in Panama and under-reported employee salaries there.

June 4
Tax avoidance

Uber examined by IRS for tax charges

The ride-hailing company also said that its potential tax charges in a number of key foreign markets could change.

June 4
Tax planning

Airbnb hosts beware: Tax issues loom

Between federal, state and local rules, hosts need to be sure they’re in compliance.

By Roger Russell
Senior Editor

June 4
AT Think 4 red flags that can trigger a residency audit

With states hungry for revenue, these risk factors may draw unwanted attention to your clients.

June 4

Anupam Singhal

Monaeo
Tax planning

IRS unveils second draft W-4

The new attempt aims for more simplicity and privacy.

By Daniel Hood
Editor-in-chief

May 31
Tax franchises

Hewitt re-enters tax prep space

His Loyalty Brands has combined with ATAX Franchise to focus on serving the Latino market.

By Jeff Stimpson
Freelance writer

May 31
AT Think Understanding e-filing patterns to build better advertising strategy

Three distinct periods of e-filing during tax season can help accountants leverage audience insights to inform advertising strategies.

May 31

Kyle Blackman

Exponential

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.