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 In the blogs: Sudden impacts

There’s always tomorrow; having class; medical marijuana; and other highlights from our favorite tax bloggers.

July 31

Jeff Stimpson
Tax reform

Tax reform as a springboard to deeper relationships

The Tax Cuts and Jobs Act offers accounting firms an opportunity to go beyond their traditional compliance services.

By Roger Russell
Senior Editor

July 31
Tax-related ID theft

Spear phishing remains big e-threat to preparers: IRS

Tax pros remain a major target of sophisticated hackers.

July 31
Tax-related court cases

Major issues in a post-Wayfair world

Businesses are struggling to wrap their heads around the implications of the decision.

By Roger Russell
Senior Editor

July 31
Tax preparation

Is this a good time to get into tax prep?

Practitioners weigh in on the pros and cons of starting a practice now.

By Jeff Stimpson
Freelance writer

July 31
International taxes

U.S. expats face hammering from new tax rules

Repatriation provisions in the TCJA are hitting companies of all sizes.

July 31
Corporate taxes

Deloitte is Thomson Reuters’ first Diamond-Tier implementer

The accounting tech provider continues to grow its ONESOURCE Certified Implementer Program ecosystem.

By Ranica Arrowsmith
Technology Editor

July 30

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.