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.

Data security

CSTC partners to protect tax pros from hackers

California Society of Tax Consultants members can now get VeriFyle for free.

By Jeff Stimpson
Freelance writer

August 15
Finance, investment and tax-related legislation

Bipartisan support for small business R&D Credit bill

New legislation would require the IRS and the SBA to educate businesses on the subject.

By Roger Russell
Senior Editor

August 15
AT Think State corporate tax policies adapt to digital economy

Internet sellers have been grappling with the murky sales tax implications of online sales for well over a decade.

August 14

Rebecca Newton-Clarke

Thomson Reuters Tax & Accounting Business
Tax reform

McConnell gets daunting to-do list from Trump, then piles on

President Donald Trump laid out a path for Senate Majority Leader Mitch McConnell to get back in his good graces: replace Obamacare, overhaul the U.S. tax code and find a way to pay for big infrastructure improvements.

August 14
Tax reform

Trump will get his tax cuts, vast majority of economists believe

The reductions might not do all that much to help the economy in 2018.

August 14
Corporate taxes

6 tax tips for startups

A checklist for clients who are looking to launch a new business.

August 12
Tax forms

Truckers take note: Highway use tax returns due Aug. 31

Forms 2290 for heavy vehicles used in July and later face a filing deadline.

By Daniel Hood
Editor-in-chief

August 11

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.