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 returns

Trump lawyer urges judge to nix accounting records demand

The president’s lawyer pressed a federal judge to reject efforts by a Democrat-led congressional committee to obtain tax records from Mazars USA.

May 14
Retirement planning

Senators introduce legislation to expand access to retirement plans

The bipartisan legislation aims to expand retirement savings by offering more tax incentives to individuals and small businesses.

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

May 14
E-filing

IRS offers guidance to CCH users on tax extensions after outage

The service offered instructions on how to claim an extension, among other things.

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

May 14
Accounting standards

FASB proposes to simplify accounting for income taxes

The Financial Accounting Standards Board has released a proposed accounting standards update to reduce the cost and complexity of accounting for income taxes.

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

May 14
AT Think Investors and business owners may benefit from 199A QBI deduction

Planning for the deduction can yield significant tax savings.

May 14

Brett Cotler

Seward & Kissel LLP
Tax season

The 2019 tax season in numbers

Now that the dust has settled, IRS statistics give a glimpse into the issues surrounding busy season

By Daniel Hood
Editor-in-chief

May 14
State taxes

States moving fast on economic nexus standards

Parsing the results of Bloomberg Tax’s annual state tax survey.

By Roger Russell
Senior Editor

May 14

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.