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 reform

GAO: 21% of taxpayers will underwithhold in 2018

The IRS and the Treasury need better documentation of their roles in updating withholding tables.

By Jeff Stimpson
Freelance writer

August 2
Tax reform

Corporate America now knows how to tally its repatriation taxes

Proposed regs from the IRS on Section 965 offer some clarity.

August 1
Marijuana industry

Big opportunities in cannabis clients, compliance

Experts demystify the very young and evolving industry, and share advice on how to work with potential clients in the business.

By Danielle Lee
Editor-in-Chief

August 1
AT Think Tax Strategy: What’s at stake for retailers and their tax advisors from Wayfair

Uncertainty remains rife around state sales and use tax nexus.

August 1

Mark Friedlich
Tax preparation

The 2018 tax prep software comparison guide

Accounting Today's annual review lays out the top return preparation packages side by side.

By Ted Needleman
Contributing editor

August 1
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

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
On-Demand 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.