Michael Cohn

The Internal Revenue Service’s Criminal Investigation unit spent more than $1.3 million in fiscal year 2018 on undercover confidential operations, including travel costs, according to a new report.

But relatively few audit execs are actually performing reviews of critical risk areas such as health and safety.

The Internal Revenue Service and the Treasury Department are beginning to send nearly 4 million economic impact payments by prepaid debit card, instead of by paper check or direct deposit.

The Internal Revenue Service is bringing in more help to deal with the flood of calls about economic impact payments.

Management accountants and CFOs can play an important role in guiding companies through the strategic options available to cope with the COVID-19 pandemic.

The U.S. Small Business Administration, in conjunction with the Treasury Department, released a loan forgiveness application for the SBA’s troubled Paycheck Protection Program, along with detailed instructions for the application.

The Top 20 Firm is adding a Dallas-based consulting firm that focuses on the health care industry.

The Small Business Administration’s troubled Paycheck Protection Program appears to be providing more businesses with long-awaited loans, despite the rocky rollout and ever-changing guidance, according to a new survey.

The Financial Accounting Foundation’s board of trustees is changing the process for assessing the effectiveness of standards.

The international tax provisions of the Tax Cuts and Jobs Act will likely have less impact on the willingness of multinational companies to shift their income abroad than the money they can save by using foreign employees to do research and development.

The IRS is extending the claims period for health care flexible spending arrangements and dependent care assistance programs and enabling taxpayers to make mid-year changes to their accounts.

Employees are worried about whether they can return to work safely.

Nations around the world face unexpected expenses and revenue shortfalls arising from the COVID-19 pandemic.

The Internal Revenue Service is giving taxpayers who want to receive their economic impact payments by direct deposit a tight deadline.

The Governmental Accounting Standards Board is postponing the effective dates of many of its pronouncements and implementation guides for 12 to 18 months to provide some breathing room for accountants.

Accounting and bookkeeping shed over 67,000 jobs in the month of April, according to the Bureau of Labor Statistics.

The decision, prompted by requests from a bipartisan group of lawmakers, reverses previous IRS guidance.

The guidance says some deductions of estates and non-grantor trusts are not considered to be miscellaneous itemized deductions.

The American Institute of CPAs’ Professional Ethics Executive Committee has decided to postpone the effective dates for three of its ethics interpretations in its Code of Professional Conduct for one year, due to the impact of the novel coronavirus pandemic.

Financial executives are taking a two-phase approach to managing coronavirus issues that face their companies, according to a new survey.