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 Giving life insurance to charity

Make sure clients understand all the consequences, tax-related and otherwise, before taking action.

December 18

Bill Boersma and Henry Montag

OC Consulting Group
Certifications and licensing

Cool for school: Credentials that appeal to tax preparers

Practitioners share which designations they’re pursuing – and which their clients value.

By Jeff Stimpson
Freelance writer

December 18
Tax reform

Top tactics for capitalizing on the TCJA

Experts share a host of strategies to put in place before the end of the year to make the most of tax reform.

December 17
Tax reform

IRS gives foreign banks a break in Trump tax law's new levy

Proposed regs would give them some leeway in their calculations.

December 17
Tax credits

High Tesla sales trigger tax credit phase-out

The company sold more than 200,000 eligible cars, so the taxpayer credit will start shrinking.

By Jeff Stimpson
Freelance writer

December 17
South Dakota v. Wayfair

California sets new post-Wayfair sales tax rules

Experts see the state’s position spurring sellers to sit up and take notice.

By Daniel Hood
Editor-in-chief

December 16
Tax deductions

IRS raises mileage rates for 2019

For business use, taxpayers will be able to deduct 58 cents a mile starting Jan 1.

By Jeff Stimpson
Freelance writer

December 15

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.