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 season

10 things your tax clients should know before April 18

The IRS regularly shares tips about different credits and deductions that can reduce a tax bill – as well as scams taxpayers should look out for.

March 28
AT Think Finding a tax-friendly state for retirement

While it’s not the only consideration, it’s worth looking at how much a potential future home taxes retirees.

March 28

Roger Russell

Accounting Today
Tax reform

Ryan's tax plan may get familiar foes: GOP's conservative caucus

Far-right Republicans who helped block House Speaker's goal of replacing Obamacare may also be in position to imperil his dreams of a comprehensive rewrite of the tax code.

March 28
AT Think In the blogs: Implications of Amazon

‘Shocking’ Medicare fraud; appealing ACA determinations; tangible property regs; other highlights from our favorite tax bloggers.

March 28

Jeff Stimpson
Obamacare

Can taxpayers avoid Obamacare penalties under Trump?

As the April filing deadline approaches, Americans have reasons to think they might get away with not paying what they owe.

March 28
Tax season

Preparers combat seasonal stresses

Tax practices are looking for ways to keep employees engaged during busy season.

By Roger Russell
Senior Editor

March 28
Tax reform

The intersection of entity choice and tax reform

The proposed changes to the Tax Code could have major ramifications for S corps, C corps and LLCs.

By Roger Russell
Senior Editor

March 28

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.