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.

Technology

New chatbot uses AI to answer tax inquiries

The developers plan to partner with accounting firms and payroll service providers.

By Ranica Arrowsmith
Technology Editor

March 15
Tax reform

Hidden pothole for stock market may lie in Republican tax plan

Tax reform may not be the unalloyed good that investors seem to think it is.

March 15
Tax returns

Trump paid $38M tax on $150M income, according to newly unearthed 2005 return

President Donald Trump made more than $150 million and paid $38.4 million in federal taxes in 2005, according to two pages of his federal income tax return for that year that were broadcast by MSNBC and posted online.

March 14
AT Think In the blogs: Insuring against data breaches

Frictionless tax compliance; ATGs; giving up bonus depreciation and other highlights from our favorite tax bloggers.

March 14

Jeff Stimpson
Tax season

Taxpayers say what they think of their accountants

Some clients see preparers as overpriced or even a scam.

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

March 14
Tax preparation

Volunteers wanted for Taxpayer Advocacy Panel

The IRS is seeking members from across the country for an important advisory committee.

By Jeff Stimpson
Freelance writer

March 14
AT Think 12 signs during tax season that clients need help with charitable planning

Accountants can help clients achieve their philanthropic goals while preparing their taxes.

March 14

Ken Nopar

American Endowment Foundation

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.