Michael Cohn

The American Institute of CPAs asked officials in the Treasury and the IRS for changes in the final regs governing generation-skipping transfer tax exemptions.

The International Auditing and Assurance Standards Board released a revised standard on how auditors should evaluate a business's prospects as a going concern.

A bipartisan group of over 100 lawmakers reintroduced legislation in the House to expand and strengthen the Low Income Housing Tax Credit.

Individuals and businesses in a dozen states hit by natural disasters in 2024 will have at least a few extra weeks to file their taxes or ask for an extension.

The 831(b) Institute sent a letter requesting an extension on a deadline for disclosing information about transactions that the IRS views as tax shelters.

Internal Revenue Service employees are being offered a last chance for a voluntary buyout as the Supreme Court blocked a ruling requiring the IRS to rehire workers.

Donor-advised funds are continuing to grow while enjoying substantial tax deductions -- even as many contributions go to other DAFs.

Legislation providing two pathways to a CPA license unanimously passed both chambers in the Georgia General Assembly and is awaiting the governor's signature.

The National Treasury Employees Union asked a judge for emergency relief to preserve collective bargaining rights in response to a Trump executive order.

Employment rose by a stronger than expected 228,000 jobs in March, although unemployment inched up to 4.2%, the U.S. Bureau of Labor Statistics reported.

President Trump's imposition of steep tariffs on countries around the world is likely to drive demand for accounting experts and consultants.

The Internal Revenue Service reportedly intends to reinstate thousands of probationary employees who were fired after two courts ordered it to do so.

Private sector employment grew by 155,000 jobs in March as annual pay increased an average of 4.6% year to year, payroll provider ADP reported.

The House passed six bipartisan bills concerning taxes and the IRS, four of which were endorsed by the AICPA.

The Financial Accounting Standards Board released a paper on how to apply its revenue recognition standard to construction contracts with retainage provisions.

Hourly earnings and job growth for workers in small businesses remained mostly unchanged last month, according to payroll provider Paychex.

EisnerAmper added Prague & Co.; and GTM acquired the state income tax practice of DMA.

The board is mulling changes in its auditor independence standards for audits of collective investment schemes involving connected parties and pension funds.

The Internal Revenue Service has placed 50 senior IT leaders on administrative leave, as the union filed suit over a Trump order on collective bargaining.

The Public Company Accounting Oversight Board's inspection staff found noticeable improvements in the deficiency rates of the six largest global auditing firms.