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’s IRPAC seeks nominations

The Information Reporting Program Advisory Committee has openings for seven new members.

By Jeff Stimpson
Freelance writer

April 19
Tax season

What to tell clients who haven’t filed yet

The IRS has advice for tax clients who missed the April 18 deadline.

By Jeff Stimpson
Freelance writer

April 19
Technology

Tax Prodigy releases ASC 740 compliance solution

The income tax software is web-based and designed for midsized businesses.

By Ranica Arrowsmith
Technology Editor

April 19
Tax reform

Universities seek to defend endowments from Republican tax plans

Proposals to tax endowment income has many schools, and their lobbyists, concerned.

April 18
Tax season

Did your tax season measure up?

Top firms carefully analyze their profitability. productivity, client satisfaction and more.

By Roger Russell
Senior Editor

April 18
AT Think In the blogs: Insults to injuries

Avoiding double taxation; memorable marketing; the United mess; different kinds of returns; and other highlights from our favorite tax bloggers.

April 18

Jeff Stimpson
Tax reform

The changing dynamics of tax reform

Whether it goes before health care or after, it’s likely to be much later in the year.

By Roger Russell
Senior Editor

April 18

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.