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 service is cautioning taxpayers against claiming exaggerated deductions for purported donations of artwork, as it sees a rise in such schemes.
October 5 -
The move comes as firms try to widen the pipeline of young people entering the accounting profession, especially from diverse backgrounds.
October 5 -
The TE/GE Division didn't provide satisfactory answers to many of the questions it received from taxpayers, according to a new report.
October 5 -
The service has been working hard to implement the dozens of tax provisions contained in last year's Inflation Reduction Act, according to a new report.
October 5 -
The service is reducing the annual cost of a Preparer Tax Identification Number after a court ruled that the charge was too high.
October 4 -
The 2022 law created two new credit delivery mechanisms, allowing governments, nonprofits and other entities to take advantage of the credits.
October 4 -
Annual pay grew 5.9% year over year, as both job growth and wage growth slackened in September.
October 4 -
The Top 50 Firm is expanding its presence in Texas by adding a firm based in Dallas.
October 4 -
GOP members of Congress are demanding answers from the service about the backlog in processing claims for the credit, only weeks after the IRS imposed a moratorium.
October 3 -
The private equity-backed firm has expanded to the Midwest.
October 3 -
Hourly earnings growth slipped at small businesses last month to the slowest pace since September 2021, according to Paychex.
October 3 -
Nearly half the leaders of corporate tax departments believe they're severely under-resourced when it comes to technology and hiring, according to a recent survey.
October 2 -
Top 100 Firms, wealth managers, PE-backed platform firms and others announced a number of acquisitions and mergers.
October 2 -
The National Treasury Employees Union expressed a sense of relief after lawmakers in Congress unexpectedly managed to pass a stopgap spending bill.
October 2 -
An IRS consultant allegedly leaked confidential tax information on former President Donald Trump and billionaires to The New York Times and ProPublica.
October 2 -
The commission charged the Top 100 Firm with violating auditor independence rules on many occasions.
September 29 -
The service is allowing practitioners to see their client's tax information, including balance due amounts, as well as withdraw from their active authorizations online in real time.
September 29 -
The service issued guidance Friday saying a redemption of shares in a money market fund won't be treated as part of a wash sale, which would subject it to taxes.
September 29 -
The standard reflects the many changes in technology, communications and business practices since an interim standard was first adopted decades ago.
September 28 -
About two-thirds of service employees would be furloughed in the event of a shutdown, which appears likely this weekend.
September 28
