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.

Small business

Tax tips for small businesses

The NAEA offers advice to help owners deal with both reform and their perennial tax burden.

June 14
Tax franchises

H&R Block plans to close 400 tax prep offices

The tax prep chain foresees fewer customers coming in to have their returns prepared as a result of the new tax law.

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

June 14
Tax reform

Cohn says trade disputes could wipe out tax cut benefits

President Trump’s former top economic adviser said trade disputes could wipe out the benefits of the tax cuts Congress passed last year and may trigger an economic slowdown.

June 14
AT Think Why you should know about Kornfeld v. Commissioner

The field of tax is usually not regarded as being an outlet for exceptional creativity.

June 14

Jorgen Rex Olson

Mackay, Caswell & Callahan, P.C.
Tax franchises

H&R Block shares plunge as simpler tax code weighs on forecast

The tax prep chain is one company that's not happy with the Trump tax cuts.

June 13
AT Think In the blogs: Free lunch

The TCJA and havens; making videos for clients; bias in IRS collections; and other highlights from our favorite tax bloggers.

June 13

Jeff Stimpson
Tax reform

Retailers and restaurants want fixes to new tax law

Some of the mistakes in the hastily drafted legislation could cost the industries millions of dollars.

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

June 12

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.