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.

AT Think In the blogs: Promises, promises

Remembering this season; retention pointers; IRS Mind; and other highlights from our favorite tax bloggers.

January 22

Jeff Stimpson
Government shutdown

IRS user-fee hearing canceled due to shutdown

The service is currently unable to reschedule the event.

By Jeff Stimpson
Freelance writer

January 22
Tax preparers

New lists name top tax pros, cloud acct’g experts

The TaxBuzz and CountingWorks lists are based in part on client reviews.

By Jeff Stimpson
Freelance writer

January 22
Tax fraud

Soccer star Cristiano Ronaldo to pay $21.6M fine for tax fraud

The athlete will be able to avoid a prison sentence with the plea deal.

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

January 22
Corporate taxes

Study finds aggressive tax strategies can lead to investor confusion

Complicated corporate tax planning tactics can produce uncertainty about taxes, in addition to the basics of company operations and finances.

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

January 22
International taxes

Austrian chancellor is meeting the internet CEOs he’s going to tax in Davos

Sebastian Kurz will meet at the World Economic Forum with top officers of Alibaba, Facebook and Uber at the Alpine resort.

January 22
Tax rates

Ocasio-Cortez buzz hits Davos with talk of 70% tax-rate plan

She may not be in Davos, but the freshman Congresswoman’s influence is already being felt on the slopes of the Swiss Alps.

January 22

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.