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 fraud

IRS needs to make fraud referrals easier

An Inspector General report says the service isn’t doing as much as it could to encourage reporting tax fraud.

By Daniel Hood
Editor-in-chief

May 29
Tax reform

NCCPAP takes top tax issues to Congress

Regulating taxpayers, self-rental, debt collection and other concerns topped the organization’s agenda in D.C.

By Daniel Hood
Editor-in-chief

May 29
AT Think In the blogs: Gallimaufries

Stung by new deduction limits; LTC subsidies; nexus for everyone; and other highlights from our favorite tax bloggers.

May 29

Jeff Stimpson
Tax reform

Qualifying QOZs

A look at the recent IRS guidance on Qualified Opportunity Zones.

By Roger Russell
Senior Editor

May 28
Tax season

Tax Season 2019: Lessons learned

With the filing deadline behind them, tax pros share their impressions.

By Roger Russell
Senior Editor

May 28
Tax laws

The new marriage penalty

The Tax Cuts and Jobs Act fixed some parts of the problem, and exacerbated others.

By Roger Russell
Senior Editor

May 28
AT Think Navigating through under-the-radar IRS guidance on 199A qualified business income

Four days before the filing deadline, the IRS quietly added 21 questions to its website page of frequently asked questions about issues related to Section 199A, the new 20 percent deduction for pass-through businesses.

May 24

Ed Zollars

Kaplan Financial Education

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.