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.

Trump tax plan

Voices: Tax reform will deliver a corporate earnings gusher

Lower corporate tax rates will lead to some very interesting financial reporting.

December 27
Tax-related court cases

The ‘one-man conspiracy’ statute

A High Court case examines what, exactly, ‘impeding or obstructing’ the IRS means.

By Roger Russell
Senior Editor

December 27
Tax preparers

Case Studies: Tax workflow in 2017

Two firms share their experience driving efficiencies in preparation and filing with software tools.

By Ranica Arrowsmith
Technology Editor

December 27
AT Think In the blogs: Submitted for your confusion

S-corp boom; cash management to-dos; how to spend the season before the season; and other highlights from our favorite tax bloggers.

December 27

Jeff Stimpson
Tax reform

Homeowners in high-tax states race to beat property tax cap

Not every jurisdiction is ready to accept prepayments.

December 26
Tax preparation

Old PTINs expire Dec. 31, IRS warns

Online renewals will be much faster, the service says.

December 26
Trump tax plan

Conflicting dates stir debate on early tax payments

The issue points to the need for technical corrections for the Tax Cuts and Jobs Act.

December 26

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.