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.

IRS

IRS Direct File reportedly ending next year

The Trump administration is reportedly making plans to shut down the Internal Revenue Service's free tax prep system next year.

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

April 16
Practice and client management

The basics of S corporations — and the pitfalls for small businesses

The structure has been delivering tax savings to advisory practices and other professional services firms for decades. But experts say sometimes it's not the best fit.

By Tobias Salinger
Chief Correspondent

April 16
IRS

IRS whistleblower Gary Shapley to be named acting commissioner

The former special agent in the Criminal Investigation division who probed Hunter Biden's taxes is expected to head the IRS.

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

April 16
Tax-related court cases

IRS forces sale of LLC on innocent co-owner

A court upheld the Internal Revenue Service's forced sale of a co-owned dental practice for one owner's tax debt.

By Roger Russell
Senior Editor

April 16
AT Think In the blogs: Lotus operandi

IRS happenings; minimal talk of de minimis; new blog on the block; and other highlights from our favorite tax bloggers.

April 15

Jeff Stimpson
IRS

IRS marks Tax Day amid layoffs, cutbacks

The Internal Revenue Service commemorated the 70th anniversary of the April 15 tax filing deadline.

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

April 15
Tax relief

Tennessee, Arkansas weather victims get tax relief

The IRS is pushing back filing and payment deadlines statewide for those impacted by local storms, tornadoes and flooding.

By Jeff Stimpson
Freelance writer

April 15

Resources

The latest Accounting Today research and discussion:

Web Seminar Rethinking busy season: A modern operating model for K-1s

Busy season is over—but the bruises are still fresh. Many firms expected smoother K-1 workflows, yet encountered the same familiar bottlenecks, last-minute delays, and staff burnout. Instead of tweaking around the edges, we'll explore a modern operating model for managing K-1s at scale – from intake through exchange – designed to reduce rework, cycle time, and eliminate seasonal chaos.

Partner Insights from K1X
Tariffs and your clients

Dean Peterson and Blair Robbins of Eisner Advisory Group discuss the tax and business ramifications of the Trump administration's tariff policies that accountants should be advising clients about.

Sponsored by Intuit Quickbooks
How Advisory Services Create a Competitive Edge

Design advisory services that drive growth

Partner Insights from Wolters Kluwer

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.