Michael Cohn

The legislation would deter the Internal Revenue Service from using the $80 billion in extra funding from the Inflation Reduction Act to increase audits of taxpayers earning under $400,000 per year.

The Internal Revenue Service is improving its accessibility to blind and visually disabled taxpayers after a settlement with the National Federation of the Blind.

The Internal Revenue Service's backlog is having an impact in many areas, including the handling of noncorporate applications for refund claims on net operating losses.

The recently merged BKD and Dixon Hughes Goodman have made their first acquisition.

Carr, Riggs & Ingram has expanded its presence in the Atlanta area by adding a firm in Peachtree City, Georgia.

Her son, Charles, a longtime proponent of the accounting profession's role in sustainability reporting through the group he founded in 2004, Accounting for Sustainability (A4S), is succeeding her on the throne as King Charles III.

The Big Four firm's leaders have approved a plan to separate EY's audit and consulting businesses around the world.

The Big Four firm reported record revenue worldwide for fiscal year 2022 of $59.3 billion.

The HR tech provider bought a fintech company that automates the research and development tax credit process for SMBs.

Finance pros are looking for an exit strategy, but many don't feel prepared to do an IPO.

The Top 20 Firm has been hearing concerns from clients asking how they can reduce costs without laying off desperately needed employees.

The agency issued billions of dollars in tax refunds to companies claiming net operating losses for prior years after passage of the CARES Act, but did little to examine the claims.

PricewaterhouseCoopers pointed to progress in its audit practice on a number of fronts, including on inspections, training and diversity.

The Internal Revenue Service has been slow in processing employer tax credits and tax refunds that businesses were supposed to receive.

The plan includes more than 30 specific actions for the accounting profession related to education, evidence-based policy, global standards, partnership and thought leadership.

The information came from the Form 990-T, the business tax returns filed by tax-exempt organizations.

The economy gained 315,000 jobs last month, the U.S. Bureau of Labor Statistics reported Friday, although the unemployment rate inched up two-tenths of a point to 3.7%.

The Institute of Management Accountants has engaged the search firm Korn Ferry to help identify its next leader.

The agency is making progress on its backlog of unprocessed tax returns, as it's asked by the Institute to extend its recent penalty relief through the end of the year.