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 Art of Accounting: Small firm complacency

Many firm owners are not too ambitious and do not want to grow.

October 29

Edward Mendlowitz

Withum
Tax research

Tax research in the spotlight

Major legislative and judicial change make knowing where to get answers to tax questions all the more important this year.

By Ted Needleman
Contributing editor

October 29
Tax evasion

Judge asks if UBS had serious hiring problem at Paris tax trial

The bank repeatedly attacked the credibility of witnesses and insisted it had no knowledge about clients evading taxes.

October 29
Tax relief

Tax relief for storm victims in Wisconsin

Filing deadlines for affected taxpayers have been pushed back as late as Dec. 17.

By Jeff Stimpson
Freelance writer

October 28
Tax preparers

IRS e-Services down this weekend

The agency’s information technology organization is under the gun.

By Jeff Stimpson
Freelance writer

October 26
Trump tax plan

IRS must up TCJA guidance, end verbal ID-theft verification: IRPAC

In its annual report, the advisory committee cites the burdens of tax reform on the service.

October 25
Tax-related court cases

Tax Fraud Blotter: Boost behavior

Escorted to prison; going to Disneyland; FATCA conviction; and other highlights of recent tax cases.

October 25

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.