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.

Bitcoin

Ohio to accept business tax payments in cryptocurrency

The Buckeye State will be the first to allow companies to use Bitcoin to pay their taxes.

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

November 26
Tax tools

IRS eases e-Services registration process for tax pros

Student loans can now be used to verify a user's identity.

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

November 26
The Tech Take Don't sell off Bitcoin on Cyber Monday

Clients need to pay attention to the tax ramifications of their cryto holdings.

November 26

Ranica Arrowsmith

Accounting Today
International taxes

Tech tax advocates said to prepare last-ditch push for EU deal

Resistance continues against a levy that divides the region’s governments and threatens to fragment its single market.

November 26
Tax avoidance

Danish pension fund chief quits amid tax dodge controversy

The chief executive officer of Denmark’s biggest fund will step down for allegedly trying to dodge Swiss taxes while running a unit of Nordea Bank a decade ago.

November 26
South Dakota v. Wayfair

Cyber Monday promises big state tax boon thanks to Supreme Court

The Wayfair decision gave states the ability to start demanding billions of dollars in sales taxes from internet retailers that hadn’t been collecting them.

November 26
Tax season

Get a jump on next year’s taxes

Seven tips for taxpayers and tax pros preparing to file in 2019.

By Daniel Hood
Editor-in-chief

November 26

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.