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 preparation

Americans spent record amounts on accounting fees last year

Uncle Sam is getting less after the White House and Congress agreed to cut taxes — but not the guy with the green eye shade. At least not yet.

April 18
AT Think ACA employer mandate poses IRS and U.S. GAAP complications

With the IRS issuing ACA penalty notices, that can make a dent in an organization’s bottom line.

April 18

Joanna H. Kim-Brunetti

Trusaic
AT Think In the blogs: Over the rainbow

Safari time; better answers for military taxpayers; multinational slackers; and other highlights from our favorite tax bloggers.

April 17

Jeff Stimpson
Tax season

IRS gives taxpayers an extra day to file after computer crash

The Internal Revenue Service said it would give U.S. taxpayers an extra day to file their returns electronically after a computer malfunction disrupted the agency’s website.

April 17
AT Think Outrageous outages

Could system failures at the IRS finally push the service into the 21st century?

April 17

Daniel Hood

Accounting Today
Tax planning

Charitable planning for next tax season

Clients need help navigating the TCJA in areas such as philanthropic giving and deductions.

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

April 17
Tax season

Trump filed extension for 2017 tax return, White House says

For President Donald Trump, Tax Day isn’t today — it’ll be Oct. 15.

April 17

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.