Michael Cohn

The Governmental Accounting Standards Board issued guidance Tuesday to improve the reporting of Section 457 deferred compensation plans for state and local government employees.

The Internal Revenue Service has issued a set of proposed regulations to provide guidance on the elimination of the deduction of qualified transportation fringe and commuting expenses in the Tax Cuts and Jobs Act.

Anders CPAs + Advisors plans to merge in Cummings, Ristau & Associates at the end of June; and Adams, Brown, Beran & Ball has acquired the Jonesboro, Arkansas, office of EGP.

The Internal Revenue Service provided guidance on expanded eligibility and more.

Top division officials at the agency share updates on their compliance and service priorities.

Big Four firm Ernst & Young and its business tax clients at companies across the U.S. and other countries have faced a series of challenges amid the pandemic.

PKF North America is uniting the transaction advisory and valuation practices of six of the firms in the PKF International network and forming PKF Advisory LLC.

BDO USA, a Chicago-based Top 10 Firm, has added Piercy Bowler Taylor & Kern, CPAs, a firm based in Las Vegas, expanding BDO’s presence in Nevada and Utah.

The Small Business Administration and the Treasury Department unveiled a simpler loan forgiveness application for the Paycheck Protection Program to reflect changes under the PPP Forgiveness Act.

The Internal Revenue Service told nursing homes and other care facilities Tuesday that they shouldn’t be seizing their residents’ economic impact payments.

The lender portal for the Federal Reserve’s Main Street Lending Program has opened as the long-awaited alternative to the problem-plagued Paycheck Protection Program after weeks of delays.

The IRS and the Treasury gave tax relief to businesses and investors who were engaged in New Markets Tax Credit transactions but couldn’t get them done in time due to the COVID-19 pandemic.

The Internal Revenue Service should make more of a priority of going after tax preparers who haven’t filed their own tax returns or paid their tax liabilities and penalties, according to a new report.

Finance execs are concerned about a new wave of infections leading to a further economic downturn, according to a survey Monday from PricewaterhouseCoopers.

The Internal Revenue Service is extending the due dates on its balance due notices because it wasn’t able to mail out the preprinted letters to taxpayers due to office closures during the ongoing COVID-19 pandemic.

The Internal Revenue Service is warning taxpayers and tax professionals once again to beware of tax fraud and other related financial scams related to the COVID-19 pandemic.

The Internal Revenue Service is giving investors in opportunity zone funds relief from some of the requirements in the controversial program because of the COVID-19 pandemic.

Prager Metis CPAs expanded in New Jersey by combining with William J. Keephart, CPA PA; and KLR Executive Search Group merged in Next Exec.

Ohio Society of CPAs president and CEO Scott Wiley, PwC US chairman Tim Ryan and Oracle executive director Kimberly Ellison-Taylor discussed the impact of racism on the profession.

The Governmental Accounting Standards Board released a proposed technical bulletin Thursday from its staff with application guidance on the CARES Act and outflows incurred by state and local governments in response to the COVID-19 pandemic.