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

IRS warns property tax prepayments must be properly assessed

But many 2018 taxes have already been levied, experts say.

By Daniel Hood
Editor-in-chief

December 28
AT Think Tax Strategy: 2017 in review

A look at the major developments from the past year.

December 28

Mark A. Luscombe

Wolters Kluwer Tax & Accounting
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

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.