Michael Cohn

The Treasury Department and the Internal Revenue Service issued guidance for producers of clean electricity and other forms of renewable energy if they begin constructing projects next year that fall short of the necessary requirements for domestically manufactured components.

Honkamp, a Regional Leader based in Dubuque, Iowa, merged in Schowalter & Jabouri, one of the 20 largest CPA firms in the St. Louis metro area, effective Dec. 2, 2023.

The Internal Revenue Service's Exempt Organizations and Government Entities unit has published two new technical guides aimed at nonprofits.

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%.