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.

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.
Tax reform

Inside the lame-duck tax package

House Republicans have scaled down their proposals.

By Roger Russell
Senior Editor

December 11
Tax breaks

Puerto Rico’s new tax break lures money as expiration date looms

One of the biggest opportunities created by last year’s tax law sits in a hurricane-ravaged island desperate for a recovery.

December 11
Tax regulations

IRS softens blow after tax law cut nonprofit employee perks

Last year’s tax overhaul imposes a tax on some coveted benefits for workers at tax-exempt organizations.

December 11
Finance, investment and tax-related legislation

House Republicans retool year-end tax legislation

The lame-duck package has been scaled back as the congressional term nears an end.

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

December 10

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.