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.

Charles Rettig

Rettig sworn in as IRS commissioner

The Beverly Hills tax lawyer will have his plate full at the agency.

By Daniel Hood
Editor-in-chief

October 2
Tax season

Tax pros’ biggest challenges for next season

Looking ahead to 2019, preparers share what they’re gearing up for.

By Jeff Stimpson
Freelance writer

October 2
Online sales tax

The ‘Nexus Monday’ blues

10 states enacted economic nexus laws on Oct. 1 – and more are coming.

By Roger Russell
Senior Editor

October 2
Tax deductions

AICPA makes recommendations on IRS and Treasury's proposed rules for QBI deduction

The proposed guidance provides rules addressing how the regulation will affect individuals, partnerships, S corporations, trusts and estates engaged in domestic trades or businesses.

By Danielle Lee
Editor-in-Chief

October 1
Tax forms

IRS masks some ID data on transcripts

The goal is to protect taxpayers from cybercrooks.

By Jeff Stimpson
Freelance writer

September 28
Tax reform

House advances tax cut 2.0 bill, but Senate has no plans to act

The legislation would make permanent the 2017 tax breaks for individuals and pass-through businesses which otherwise would expire at the end of 2025.

September 28
Expense management software

Product news: Nexonia launches travel management product

U.S. Bank releases business-tailored credit card, and Vertex integrates software with Infor ION API gateway.

By Ranica Arrowsmith
Technology Editor

September 28

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.