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.

International taxes

Global Reporting Initiative proposes standard for corporate tax practices

The draft reporting standard aims to provide more transparency around corporate tax payments.

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

December 13
AT Think Why Wesley Snipes’ offer in compromise went sour

Tax settlements are often scuttled when you ignore the “dissipated asset” rule.

December 13

Jim Buttonow
Tax franchises

H&R Block to offer no-interest refund advances

The no-interest loans can go as high as $3,000.

By Jeff Stimpson
Freelance writer

December 13
Tax fraud

Cohen gets prison, saying his duty was to hide Trump’s ‘dirty deeds’

Michael Cohen is headed to prison, pledging he will continue to spill potentially damaging information to Special Counsel Robert Mueller and other prosecutors.

December 12
M&A

Ryan acquires VAT Systems

The Dallas-based global tax services firm is expanding in Europe.

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

December 12
Voices In the blogs: The season looms

Whether to still itemize; defining ‘middle class’; spotting bogus IRS emails; and other highlights from our favorite tax bloggers.

December 12

Jeff Stimpson
AT Think California clawback law for 1031 exchanges can be sharp

California can be pretty aggressive when it comes to collecting taxes.

December 11

Jorgen Rex Olson

Mackay, Caswell & Callahan, P.C.

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.