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.

Income taxes

Tax relief for victims of Michigan weather

The IRS may have help for some of those affected by the storms and flooding.

By Jeff Stimpson
Freelance writer

August 7
International taxes

France and Germany plan tax crackdown on U.S. tech giants

The countries aim to close loopholes that will affect Google, Apple, Facebook, Amazon and others.

August 7
Tax rates

NYC mayor proposes tax on wealthy to fix crumbling subways

Bill de Blasio would raise the city's highest income-tax rate to 4.41% from 3.88%.

August 7
IRS

10 Kansas City IRS employees sickened by suspicious package

It is not yet determined what in the package caused the illness, and two people were taken to the hospital Friday with "not serious" injuries.

By Danielle Lee
Editor-in-Chief

August 4
Obamacare

IRS underestimated the cost of individual ACA coverage

A TIGTA audit also found that that the service did not send out all the notifications it was supposed to.

By Daniel Hood
Editor-in-chief

August 4
Digital marketing

Yelp wanted: How tax pros use the network

Practitioners’ reviews are mixed on the popular service.

By Jeff Stimpson
Freelance writer

August 4
Finance, investment and tax-related legislation

RSM’s Kautter confirmed in Treasury tax post

The Senate confirmed the new assistant secretary for tax policy just before its summer recess.

By Daniel Hood
Editor-in-chief

August 3

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.