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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Undercover investigators found pervasive incompetence, fraud and significant errors among a sample group of non-credentialed tax preparers in half a dozen states.
March 16 -
The IRS managed to get through last filing season despite extensive budget and staffing cuts, according to a GAO report, but is facing tax changes this year.
March 16 -
The Supreme Court heard arguments in a case revolving around whether a county violated the rights of a homeowner whose home was foreclosed on for owing taxes.
March 13 -
While Republican-led states are mostly adopting the various tax changes from the One Big Beautiful Bill Act, some states led by Democrats are refusing to go along.
March 13 -
The Internal Revenue Service confirmed Treasury Secretary Scott Bessent's term as acting IRS commissioner has expired, although he will continue to oversee it.
March 13 -
PCC chair Jere Shawver is on a mission to increase awareness of the group that represents the perspectives of privately held companies on accounting standards.
March 12 -
The legislation would eliminate income taxes for Americans who earn less than $46,000 and reduce income taxes for those making between $46,000 and $80,500.
March 12 -
The Canadian Public Accountability Board published individual auditing firm inspection reports for the first time, marking a significant milestone.
March 12 -
The new IRS Tax Withholding Estimator accounts for changes to tax credits and deductions introduced by the One Big Beautiful Bill Act.
March 12 -
The IRS changed the submission process for groups that intend to operate as 501(c)(4) tax-exempt organizations, requiring them to submit forms through Pay.gov.
March 11 -
The global network of independent accounting, audit, tax and consulting firms surpassed $1 billion in total revenues for the first time last year.
March 11 -
The IRS's changes in its instructions for claiming the new tax deduction for tips is making it more difficult for self-employed and gig economy workers.
March 10 -
More than 830,000 taxpayers have received notices saying their tax refunds are being delayed due to an executive order requiring electronic payments.
March 10 -
Internal auditors are reporting more cuts in their staffing and budgets, according to a survey by the Institute of Internal Auditors' Internal Audit Foundation.
March 10 -
Leaders of accounting organizations in the U.S., Canada and Mexico signed a memorandum of understanding to extend an agreement easing cross-border practice.
March 10 -
The American Institute of CPAs recommends the First Time Abatement program be expanded to cover additional types of tax and information return penalties.
March 9 -
The IRS is proposing to remove regulations that tried to crack down on the abusive use of basis-shifting transactions by partnerships as a way of minimizing taxes.
March 9 -
The Internal Revenue Service will have extended weekday and Saturday hours this spring through April 30 despite recent closures of several TACs.
March 6 -
The pilot program for the new Trump accounts will deposit $1,000 into the accounts of children born between 2025 and 2028.
March 6 -
The International Accounting Standards Board is finalizing a standard to give investors a clearer picture of utilities' performance and future cash flows.
March 6
