Michael Cohn

The Treasury Department said the IRS will be revising the Form 990 to uncover fraud and hidden sources of funding at tax-exempt organizations.

The International Public Sector Accounting Standards Board proposed a set of narrow changes to align them with recent guidance from the IASB.

U.S. and South African accounting organizations extended a mutual recognition agreement through mid-2031, allowing accountants to practice in both countries.

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

The International Sustainability Standards Board decided during a meeting on Earth Day that it will propose a set of requirements for nature-related disclosures in the form of an IFRS Practice Statement.

The House Financial Services Committee voted to advance legislation that would effectively repeal the Corporate Transparency Act and its beneficial ownership information reporting requirements.

The Governmental Accounting Standards Board debuted a series of videos to help officials understand the information included in government financial reports.

A judge ruled the IRS can't classify micro-captive insurance as a listed transaction, but allowed classifying it as a "transaction of interest."

Kentucky has become the latest state to pass legislation offering an alternative pathway to qualifying for a CPA license to broaden the talent pipeline.

Businesses can file their claims for refunds on the tariffs they paid under the emergency powers that the Supreme Court has since ruled unconstitutional.

Small businesses that don't qualify for a payroll tax break are still receiving it, despite the IRS's efforts to stop them, according to a new report.

The IRS posted an updated fact sheet on the tax rules surrounding educational assistance benefits after the passage of the One Big Beautiful Bill Act.

The Financial Accounting Standards Board met to discuss accounting for transfers of crypto assets and disclosures around digital assets such as stablecoins.

The IRS is asking for whistleblowers to report misuse, diversion or fraudulent use of federal funds by nonprofits, individuals and businesses.

Senators introduced tax-related legislation aimed at improving taxpayer service, cracking down on tax evasion and curbing the carried interest tax break.

The Internal Revenue Service introduced an online Tax Debt Help tool, the day after the tax deadline, to help taxpayers understand and resolve their tax debts.

Global economic confidence has been shaken by the war in Iran and surrounding countries, according to a new survey of accountants.

U.S. executives are gradually finding their footing 15 months into the second Trump administration, according to a new survey from PricewaterhouseCoopers, although it hasn't been easy.

Frank Bisignano testified on Tax Day during a Senate hearing about this past filing season and how IRS operations were affected by the new tax deductions.

The Internal Revenue Service rarely penalizes taxpayers who have high balances in foreign bank accounts and fail to file the proper forms, according to a new report.