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.

Tax-related court cases

Tax Court upholds IRS rejection of Wesley Snipes offer in compromise

The court sided with the IRS and against the action star's legal appeal.

By Roger Russell
Senior Editor

November 5
Tax planning

Crowe offers year-end tax planning guide after TCJA

The new guide can help taxpayers and tax professionals in the wake of the Tax Cuts and Jobs Act.

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

November 5
International taxes

EU plan to tax Facebook, Amazon heads for Brussels showdown

Finance ministers are trying to strike a balance between luring business and addressing popular discontent about companies not paying their fair share.

November 5
Tax season

IRS and Free File Alliance plan consumer protection changes for next tax season

The revised agreement expands taxpayer options for free online software offerings for next filing season to avoid steering taxpayers to paid products.

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

November 2
AT Think Tax reform as a people solution

What if it could help close the ‘opportunity gap’?

November 2

Marna Ricker

Ernst & Young
AT Think Why don’t all states recognize 1031 exchanges?

Each state handles taxation of 1031 exchanges differently, but Pennsylvania is a particular outlier.

November 2

Jorgen Rex Olson

Mackay, Caswell & Callahan, P.C.
Divorce

Want a divorce? Then do it right now or pay much bigger tax bill

This year, some estranged spouses have a more powerful incentive than ever to call a truce.

November 2

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.