Michael Cohn

Editor-in-chief, AccountingToday.com

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Michael Cohn, editor-in-chief of AccountingToday.com, has been covering business and technology for a variety of publications since 1985. Prior to joining Accounting Today and WebCPA, he worked for Red Herring, Internet World, Beyond Computing, Accounting Technology and PC Magazine, and freelanced for a variety of other business publications. A graduate of the University of Pennsylvania with a BA in English, he studied accounting at the Wharton School of Business, and currently lives in New York City.

IRS

IRS postpones deadline for gift and GST taxes due to coronavirus

The Internal Revenue Service is postponing the date for filing gift tax and generation-skipping transfer tax returns and making payments until July 15 because of the novel coronavirus pandemic.

By Michael Cohn

March 30
Tax credits

Senate staffers offer answers on coronavirus recovery rebate checks

Republican staff on the Senate Finance Committee have released a set of answers to frequently asked questions about the stimulus payments.

By Michael Cohn

March 27
IRS

IRS closes Practitioner Priority Service and e-Services Help Desk due to coronavirus

The Internal Revenue Service is shutting down its Practitioner Priority Service line, e-Services Help Desk, as well as the e-Services FIRE and AIR system help desks, until further notice, due to staff limitations amid the pandemic.

By Michael Cohn

March 27
AICPA

AICPA asks IRS for wider tax relief amid coronavirus

The American Institute of CPAs wants the Internal Revenue Service and the Treasury Department to give taxpayers more tax filing and payment relief during the COVID-19 pandemic.

By Michael Cohn

March 27
CECL

Senate coronavirus relief package includes CECL delay

The $2.2 trillion package passed by the Senate includes a provision that would allow banks the temporary option to postpone compliance with the credit losses standard.

By Michael Cohn

March 26
GASB

GASB may postpone some standards and implementation guidance due to coronavirus

The Governmental Accounting Standards Board is considering delaying the effective dates of its standards and implementation guides because of the novel coronavirus pandemic.

By Michael Cohn

March 26
Tax breaks

Senate approves $2.2T coronavirus rescue package with tax breaks

The Senate voted 96-0 late Wednesday to approve a sweeping $2.2 trillion stimulus package to help the nation emerge from the coronavirus pandemic.

By Michael Cohn

March 26
IRS

IRS offers more time to file FATCA form amid pandemic

The Internal Revenue Service is giving foreign banks and financial institutions more time to file information about U.S. taxpayers with overseas bank accounts because of the coronavirus pandemic.

By Michael Cohn

March 25
SEC

SEC extends financial filing relief due to coronavirus

The Commission is extending the filing periods covered under its previous reporting relief for companies due to the COV-19 pandemic.

By Michael Cohn

March 25
IRS

IRS releases guidance on tax deadline postponement

The Internal Revenue Service posted a frequently asked questions page about the recently announced delay in tax filing and payments until July 15 because of the novel coronavirus pandemic.

By Michael Cohn

March 25