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

AICPA wants IRS to change guidance on corporate tax overpayments

The American Institute of CPAs is asking the Internal Revenue Service to amend the information it is providing on Section 965 of the new tax law.

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

April 19
Health and wellness

UHY trucked in meditation during busy season

The firm utilized a Detroit-based 'Food Truck for Your Brain' to help give staff members some peace of mind during the most hectic time of the year.

By Sean McCabe
Senior Editor

April 19
Tax season

IRS outages on Tax Day spark more humor than anger

Our favorite responses to the agency's April 17 system crashes.

By Daniel Hood
Editor-in-chief

April 18
Finance, investment and tax-related legislation

House approves IRS reform bills

Bipartisan legislation to modernize the Internal Revenue Service comes a day after a computer crash disrupts Tax Day filing.

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

April 18
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

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.