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.

Estate taxes

LG heir denied billionaire status with $630M death tax

LG Chairman Koo Kwang-mo would be a billionaire in most countries.

November 12
Tax relief

Taxpayer Advocate Service intake program needs improvement

The program should make some changes to provide better customer service for taxpayers, according to a new report.

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

November 9
AT Think 6 tips for upskilling the tax workforce

As tax professionals, we aren’t the only ones watching our industries transform.

November 9

Carrie Duarte

PwC
Tax breaks

Climate groups cringe at Virginia tax cut for oft-flooded homes

A ballot measure approved by state voters this week provides a break on property taxes for residences in flood-prone areas.

November 9
Tax-related court cases

Tax Fraud Blotter: From mouths of babes

Info direct from an IRS site; $15 million in phony refunds; school’s out; and other highlights of recent tax cases.

By Jeff Stimpson
Freelance writer

November 9
AT Think Accounting with a cadence: Why a proactive year-end approach is essential for businesses

Every year I speak with CPAs who bemoan the chaos and rush to file taxes for many of their business clients.

November 8

Matt McKelvey

The McKelvey Group
AT Think Cannabis taxation: Where we are now, what you should expect in the future

Federal and state governments are not yet “on the same page” with respect to all aspects of the tax and legal treatment of marijuana.

November 8

Mark Friedlich

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.