Michael Cohn

The Trump administration agreed to procedures for student debt relief so borrowers who have their loans canceled this year don't get hit with a huge tax bill.

The American Institute of CPAs is asking for more flexibility for taxpayers who wish to claim tax deductions for overtime and tip income under the OBBA.

Wojeski & Co. has reached a $60,000 settlement with New York Attorney General Letitia James after it was hit by two data breaches and ransomware attacks.

The International Federation of Accountants has released a set of principles with the goal of widening access to the accounting profession.

The American Institute of CPAs is continuing efforts to have accounting recognized as a Science, Technology, Engineering and Math program by the government.

Gary Shapley and Joseph Ziegler reached settlements with the IRS and the Justice Department, and their lawsuit against Biden's attorney was dismissed by a judge.

Video game developers are benefiting from research and development tax credits and recent changes in the rules for deducting R&D expenses.

The expiration of premium tax credits for health insurance could lead to hundreds of thousands of job losses and billions in reductions to state revenues.

The Institute of Internal Auditors has set up a Global Audit Committee Center in Washington, D.C., to provide a global hub for strengthening audit committees.

The adoption of artificial intelligence technology in audit functions is on the rise, increasing from 8% to 21% in only one year, according to a new report.

The commissioner of the Social Security Administration, Frank Bisignano, has been named to a dual role as CEO of the Internal Revenue Service, a new position.

The Internal Revenue Service issued guidance on the corporate alternative minimum tax in response to comments it received.

The Internal Revenue Service was able to steer through this past tax season despite extensive cuts, but next season could be a problem, according to a new report.

The American Institute of CPAs is urging the federal government to keep all Internal Revenue Service employees working for the duration of the shutdown.

The Internal Revenue Service is postponing until Sept. 30, 2026, a wide range of deadlines.

Small businesses with fewer than 50 employees maintained steady job growth and hourly earnings growth this past month, according to payroll company Paychex.

The One Big Beautiful Bill Act is abruptly curtailing the $7,500 tax credit for new electric vehicles and $4,000 for used EVs.

The proposed ASU offers guidance on how an issuer should initially measure paid-in-kind dividends on equity-classified preferred stock.

The Treasury and the IRS issued guidance on qualified OZ investments in rural areas under the One Big Beautiful Bill Act.

The plan estimates up to half a workday would be needed to complete shutdown activities.