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 crimes

Taxi firm executive tied to Cohen pleads guilty to tax charges

The former CFO of a taxi management company with links to Donald Trump’s personal lawyer agreed to cooperate in ongoing investigations.

June 1
Looking for the Wealth Magnets of the future

Finding the next generation of planners (and clients) and the implications of tax reform top the agenda for advisors.

Sponsored by HD Vest
Tax-related court cases

Tax Fraud Blotter: Last resorts

Several business names; politics as usual; fraudulent spins; and other highlights of recent tax cases.

By Jeff Stimpson
Freelance writer

June 1
Tax reform

Tepper’s $2.3B NFL purchase comes with a ‘wacky’ tax perk

Because of quirky rules, even profitable teams can generate paper losses that erase the tax bills on an owner’s other business interests.

May 31
State taxes

States struggle with nexus questions

A new Bloomberg Tax survey shows them grappling with a range of taxation issues.

By Roger Russell
Senior Editor

May 30
Digital currencies

AICPA asks IRS for FAQs on taxation of virtual currency

The American Institute of CPAs wants additional guidance about Bitcoin taxes.

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

May 30
AT Think In the blogs: Workaround runaround

A not-so-final frontier; summertime tax planning; small biz and reform’s impact; and other highlights from our favorite tax bloggers.

May 30

Jeff Stimpson

Resources

The latest Accounting Today research and discussion:

Web Seminar The most important supply for tax firms isn't found on shelves

In this webinar, we'll show you how tax and accounting professionals are leveraging new technologies to make their firms more efficient and to stay ahead of competitors.

Partner Insights from Thomson Reuters
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

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.