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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The Senate Finance Committee ranking member introduced two bills cracking down on grantor retained annuity trusts and private placement life insurance.
April 14 -
The Internal Revenue Service will need to be ready for a wave of tax return filings from procrastinating taxpayers, as well as requests for extensions.
April 14 -
Fraudsters have been active again this tax season, but the increasing power of artificial intelligence is helping supercharge the danger of tax scams.
April 13 -
The International Forum of Independent Audit Regulators released a report summarizing its annual survey of inspection findings from audit regulators around the world.
April 13 -
The Governmental Accounting Standards Board is proposing to overhaul the structure for providing guidance on U.S. GAAP for state and local governments.
April 13 -
Cybersecurity remains a key concern, according to the Center for Audit Quality and Deloitte's new report on audit committee effectiveness and priorities.
April 10 -
The new excise tax under the One Big Beautiful Bill Act will impose new costs on remittances sent by immigrant workers to family members abroad.
April 10 -
The Internal Revenue Service and the Treasury released final regulations on the new tax deduction for tipped employees under the One Big Beautiful Bill Act.
April 10 -
Over 1,000 IRS employees owe more than $8 million for not complying with the terms of a program that helps them repay their student loan debts.
April 7 -
The Institute of Internal Auditors is enhancing its Certified Internal Auditor Challenge Exam with a new experienced-based pathway pilot and updates for Global Internal Audit Standards.
April 7 -
The percentage of IRS employees who work from home plummeted from 65% to 25% last year after President Trump ordered federal employees to return to in-person work.
April 6 -
The IRS and Treasury are providing guidance on how states, territories and the District of Columbia can nominate census tracts to be qualified opportunity zones.
April 6 -
The Financial Accounting Standards Board is studying current trends and emerging issues in data infrastructure investments and nontraditional lending.
April 6 -
The Internal Revenue Service expanded its Business Tax Accounts to partnerships, tax-exempt organizations, and federal, state, local and tribal governments.
April 6 -
The tax-writing House Ways and Means Committee unanimously approved five bipartisan tax-related bills last week aimed at helping natural disaster victims, sexual assault survivors, pre-school teachers, taxpayers in general, and tax fraud whistleblowers.
April 1 -
The International Federation of Accountants wants accounting organizations to align with its quality management standards and offer more pathways to the profession.
April 1 -
For tax years 2023 and 2024, 45,386 returns claimed about $172 million in tax credits that ITIN holders were not eligible to receive.
April 1 -
Private sector employers added 62,000 jobs in March, payroll giant ADP reported, as annual pay grew 4.5% year over year.
April 1 -
The IRS has been examining only a tiny fraction of tax filings from large partnerships due to staffing shortages and other resource constraints.
March 24 -
Approximately 1.4 million taxpayers have received notices that their tax refunds are being delayed because the IRS wants direct deposit information.
March 24
