Michael Cohn

Texas CPA Michelle Cochran can challenge the constitutionality of her administrative law judge in federal court before undergoing an administrative adjudication.

The board released final revisions as the accounting profession adapts to rapid digitalization.

The Financial Accounting Standards Board proposed updates to its U.S. GAAP Financial Reporting Taxonomy to reflect a new proposed standard on crypto assets.

Taxpayers who filed early this year and reported state tax refunds they received in 2022 as taxable income should consider filing an amended return.

The Internal Revenue Service and the Treasury Department issued a notice offering a safe harbor for the deed language in charitable conservation easements.

Proposed regulations would identify micro-captive transactions as abusive after the Supreme Court ruled against the IRS in a case two years ago involving the transactions.

Tax leaders at companies around the world are predicting the number of tax audits will increase by more than a third over the next two years.

The institute wants clarified and expanded guidance on taxpayer assistance procedures and when S corps don't need private letter rulings.

Finance executives are increasingly relying on the concept of "continuous improvement" as a way to navigate today's uncertain economy.

Employers dampened their hiring amid worries over banking failures and interest rate hikes.

The board will initially allow companies to focus on disclosures around climate when they issue reports based on the ISSB's first two draft standards.

The IRS issued a revised version allowing nonprofits and charitable trusts to file requests for miscellaneous determinations electronically.

The service described some of the rules it plans to include in upcoming proposed regs for what qualifies as an "energy community."

Small businesses did a bit more hiring and paid workers more last month, according to a report from payroll provider Paychex.

That decision may have been premature, according to a new report.

The Top 10 Firm is supporting recent legislation in Minnesota that would lower the traditional 150-hour requirement for CPA licensure.

The service is extending a transition period for an exception to the requirement for companies to pay taxes on royalties for intellectual property abroad.

Banks have been reclassifying their losses to avoid taking steep write-downs that could be helping them stay in business.

Long-awaited proposed guidance gives details on the new tax credits for electric vehicles under the Inflation Reduction Act.

The majority of the service's extra funding from the Inflation Reduction Act is currently dedicated to improving tax enforcement to collect more revenue.