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.
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Internal Revenue Service officials are working to increase compliance of tax-exempt groups as well as for-profit businesses with the help of whistleblowers.
3h ago -
The Institute of Management Accountants discussed the pros and cons of artificial intelligence with officials, including the new leader of the PCAOB.
4h ago -
Chief financial officers are going negative on the economy, but more upbeat about their own businesses' prospects, according to a Deloitte survey.
June 24 -
The Internal Revenue Service had a largely successful tax-filing season, despite staffing cutbacks and long delays on refunds for millions of taxpayers.
June 24 -
The Supreme Court ruled in favor of a Michigan county that auctioned off a family's foreclosed home for $76,008 when the family owed less than $2,242 in taxes.
June 23 -
The Treasury's Financial Crimes Enforcement Network limited access by federal agencies to the information reported by companies amid lawsuits and rule changes.
June 23 -
The comedian was arrested in Los Angeles for tax evasion and charged with owing over $300,000 to the state of California.
June 22 -
The IRS has been offering live chat applications and automated chatbots, but their incorrect answers could prompt taxpayers to file incorrect tax returns.
June 22 -
The Internal Revenue Service's process for referring taxpayer inquiries to other business units can lead to delays and lost referrals, according to a new report.
June 22 -
Investors mostly favor the continued use of quarterly reporting and rejected the SEC's recent proposal for a semiannual reporting option, according to a survey.
June 19 -
The Electronic Tax Administration Advisory Committee report calls for sustained IRS funding, human-centered design, fraud prevention and preparer regulation.
June 18 -
The Internal Revenue Service and the Treasury Department plan to issue proposed regulations for qualified opportunity zones under the TCJA and the OBBBA.
June 18 -
Between now and July 6, companies have a narrow time limit to retroactively recover research and development tax deductions from up to the previous three years.
June 17 -
The Financial Accounting Standards Board posted a proposed accounting standards update to improve interest rate risk hedging and net investment hedging accounting guidance.
June 17 -
The Treasury Department offered a preview of upcoming guidance on a new federal scholarship tax credit that was included in the One Big Beautiful Bill Act.
June 16 -
The National Treasury Employees Union has filed a lawsuit against the IRS accusing it of systematically removing union materials from offices.
June 16 -
The International Ethics Standards Board for Accountants decided to move ahead on a project to update its International Code of Ethics for Professional Accountants.
June 15 -
The Internal Revenue Service had to hire over 2,000 employees after reducing its workforce last year by nearly a third, according to a new report.
June 15 -
The number of private tax-advantaged foundations and the amount of assets contained in them has reached nearly $2 trillion, even as the administration considers imposing new taxes.
June 11 -
Some state lawmakers are introducing tax legislation targeting the growing use of artificial intelligence, according to a new report.
June 11
