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.

Sales tax software

Avalara sets date for Crush 2019

Next year’s user conference will focus on 'the path forward for tax compliance.’

By Ranica Arrowsmith
Technology Editor

December 20
Tax reform

IRS issues guidance on excess business loss limitations and NOLs

The service continues to issue a flood of guidance surround the Tax Cuts and Jobs Act.

By Jeff Stimpson
Freelance writer

December 20
Tax reform

Surprise tax hit awaits some hedge fund investors

New IRS regs on the Tax Cuts and Jobs Act throw the industry some curveballs.

December 20
Voices In the blogs: The perfect year

S corp misconceptions; Spanish authorities go after pop singer; changes to withholding under FATCA; and other highlights from our favorite tax bloggers.

December 19

Jeff Stimpson
Tax reform

U.S. cash repatriation plunges 50%, defying Trump's tax forecast

The amount of money being brought back is still higher than before the TCJA, however.

December 19
Tax returns

Trump tax returns can't be obtained by nonprofit, court says

A taxpayer privacy law protects them from a Freedom of Information Act request, the panel ruled.

December 18
Tax reform

A Tax Cuts and Jobs Act checklist for 2019

Major tax reform changes that practitioners and taxpayers should keep an eye out for during filing season.

By Mark A. Luscombe
Principal Federal Tax Analyst

December 18

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.