Michael Cohn

The Internal Revenue Service added new information to its FAQ page on the tax rules surrounding the use of coronavirus funds for mortgage insurance and home purchases.

The service is giving companies and tax professionals another year to fix up their claims for the research and development tax credit.

The Top 10 Firm was penalized for improper professional conduct for failing to properly audit a client.

The Top 10 Firm reported Thursday that its U.S. revenue for the fiscal year ending July 31, 2022, rose nearly 17% to reach a record of $2.3 billion.

The Financial Accounting Standards Board issued an accounting standards update to improve transparency about the use of supplier finance programs for investors and other capital providers.

Deloitte's member firm in China agreed to pay a $20 million penalty to settle charges with the Securities and Exchange Commission that the firm asked its audit clients to do their own auditing work.

The Top 10 Firm is expanding its corporate tax practice.

The Top 40 Firm is continuing to expand its footprint in Florida by adding an Orlando location.

The vast majority of advance payments of the CTC went to eligible families, but millions of taxpayers who should have received the money did not, while millions of others who didn't qualify got them.

A group of Republicans on Congress' main tax committees sent a letter to the Internal Revenue Service and the Treasury, backing a request from the AICPA.

The payroll and HR services company debuted three new services, and unveiled the findings of a new report on the services small businesses need from their accountants.

The Internal Revenue Service needs to beef up security at its facilities to address ongoing threats, according to a recent report.

The commission's Investor Advisory Committee suggested reforms to the way the board operates.

The attorney general for Washington, D.C., has filed a consumer protection lawsuit against Liberty Tax accusing the tax prep chain of deceiving consumers with misleading ads and promotions and predatory pricing.

A provision in the Tax Cuts and Jobs Act that was supposed to raise hundreds of billions of dollars in taxes on deferred earnings from multinationals is only bringing in about one-third of the projected revenue.

Federal investigators are uncovering billions of dollars in fraud tied to pandemic relief programs.

Continuing delays in management actions are contributing to the backlogs of millions of unprocessed tax returns and tax transcript requests.

Ernst & Young reported a 13.7% revenue increase in U.S. dollars and 16.4% in local currency terms in fiscal 2022, the highest growth in nearly two decades.

Female employees are seen as having less ability but more potential, according to a new accounting study.

The service published updated information about the credit after a scathing investigative report about how the longtime tax credit is being abused.