Michael Cohn

The Internal Revenue Service has extended some of the deadlines for qualified intermediaries, withholding foreign partnerships and withholding foreign trusts.

The Internal Revenue Service has updated its frequently asked questions to offer more guidance on what kinds of components can be used in electric vehicles to qualify for tax credits.

The International Ethics Standards Board for Accountants approved an exposure draft on ethics and independence standards for sustainability reporting and assurance and a final ethics standard for tax planning and related services.

The Internal Revenue Service and the Treasury Department have issued a notice saying they intend to propose regulations to address the capitalization and amortization of specified research and experimental expenditures.

The Internal Revenue Service is not expected to meet the Treasury Department's goal of scanning millions of returns by the end of the year.

Young people with accounting doctoral degrees are encountering discrimination during job searches and discussions on online forums, according to a new study.

The White House is taking aim at global money laundering in line with a UN effort, but some sectors of the economy are falling prey to criminal activity.

The Treasury is providing additional guidance on the corporate alternative minimum tax for billion-dollar companies.

Tea merchants in both the U.S. and the U.K. continue to face tax problems, while stopping short of dumping their tea into Boston Harbor.

The board is providing information to help companies with its disclosure standards before they take effect in January.

The Institute of Management Accountants reported increased salaries and job opportunities for Certified Management Accountants as opposed to those without certifications.

The American Institute of CPAs provided information for U.S. accounting professionals on the potential impact on their out-of-state engagements if some of the pending legislation in some states on licensure requirements is enacted.

The Chicago-based firm plans to add the federal government practice of CliftonLarsonAllen, effective Dec. 31.

The International Internal Audit Standards Board voted to approve a set of new standards that are expected to be released in January.

The Financial Accounting Standards Board issued an accounting standards update aimed at improving income tax disclosures from companies.

The International Federation of Accountants wants organizations to combine sustainability reporting with their existing internal control and governance frameworks.

The Securities and Exchange Commission approved the board's 2024 budget totaling $384.7 million, up approximately 10%.

Many students lack the financial resources to pay the tuition and fees needed to become CPAs, according to a new report.

This will be the first reorganization for the Internal Revenue Service in over 20 years and reflects the new transformation goals underway at the agency.

The Financial Accounting Standards Board released its long-awaited accounting standards update to improve the accounting for and disclosure of certain cryptoassets.