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

IRS urged to extend VITA tax prep program

The Internal Revenue Service needs to improve its Volunteer Income Tax Assistance to make sure it’s reaching underserved populations, according to a new report.

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

September 25
Tax reform

Trump tax plan said to cut taxes for wealthy and whack N.Y. and N.J.

President Donald Trump and Republican leaders plan to release a tax framework this week that would dramatically cut taxes for corporations and the wealthy, provide a measure of middle-class tax relief and punish some households in Democratic-leaning states like New York and New Jersey.

September 25
Tax tools

Vertex Tax Accounting now available on SAP Cloud Platform

The product is a global multi-ledger, multi-GAAP, multi-currency and multi-year solution that unifies data management from multiple sources and provides provision calculation.

By Ranica Arrowsmith
Technology Editor

September 25
Tax reform

Trump tax overhaul bid poses a big risk to U.S. Treasury bulls

Investors in the world’s largest bond market may need to pay a lot more attention to Washington once more.

September 25
Accounting firm services

PwC to launch law firm

The unit will be a separate legal entity, and won’t advise on U.S. legal issues.

By Daniel Hood
Editor-in-chief

September 24
Growth strategies

25 great pieces of advice

Leading figures in tax and accounting share the best counsel they’ve ever received.

September 24
Tax reform

Trump said to get tax plan targeting 20% corporate rate

The president is expected to discuss reform-related issues in a speech on Wednesday.

September 24

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
On-Demand 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.