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 reform

Tax reform will have to wait for health care, Trump says

Analysts suggest tax changes may not come before the end of the year.

April 12
Technology

Tax fraud fears on the rise in America

Cybersecurity must remain a central concern as filing is increasingly digitized.

By Ranica Arrowsmith
Technology Editor

April 12
AT Think IRS goes green: Hashing out payments from the marijuana industry

Technology may play a central role in helping the tax man get his due from cannabis companies.

April 12

Ranica Arrowsmith

Accounting Today
AT Think In the blogs: Free for the taking

Tax Day giveaways; a big scammer busted; Sec. 475(f) elections; Generation C; and other highlights from our favorite tax bloggers.

April 11

Jeff Stimpson
AT Think Sorry, America — your taxes aren’t high

Compared with the rest of the world, we don't pay that much, according to the OECD.

April 11

Ben Steverman

Bloomberg
Tax season

Break time: How preparers relax during tax season

Not that there's a lot of down-time, mind you ...

By Jeff Stimpson
Freelance writer

April 11
Tax fraud

Data breach of IRS student financial aid tool may have affected 100,000 taxpayers

A data breach in the Internal Revenue Service’s Free Application for Federal Student Aid, or FAFSA, tool, which the IRS was forced to shut down last month, may have affected up to 100,000 taxpayers.

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

April 10

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.