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.

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
Tax audits

IRS Collections: A primer for tax preparers

A step-by-step guide for when the service wants more money from a taxpayer.

By Roger Russell
Senior Editor

September 22
AT Think Taking foreign income into account for taxes

Over the past decade, the U.S. government has become much more interested in the ownership of foreign financial accounts.

September 22

Jeffrey D. Moss

Dawda, Mann, Mulcahy & Sadler, PLC
AT Think An ideal combination: Value pricing and higher-value-added services

An inside look at how one firm boosted its sales tax services with a new billing philosophy.

September 22

Andrew Johnson, CPA

Peisner Johnson & Co. LLP
Stocks

IRS introduces pilot program for stock distribution letter rulings

Rev. Proc. 2017-52 opens up a new area for PLRs.

By Jeff Stimpson
Freelance writer

September 21
Tax-related court cases

Tax Fraud Blotter: ‘Good will gets 40 months’

Off by $10 million-plus; theft by template; and other highlights of recent tax cases.

By Jeff Stimpson
Freelance writer

September 21

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
On-Demand 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.