Michael Cohn

The Internal Revenue Service has released a set of proposed regulations for businesses to follow when deducting meals and entertainment, in response to the 2017 tax overhaul.

The Internal Revenue Service is getting set to unveil its proposed regulations for the reporting of unrelated business income for tax-exempt organizations.

The Columbus, Ohio-based firm has expanded to Toledo.

The Internal Revenue Service and the Treasury Department released guidance Friday to help farmers deal with a provision of the Tax Cuts and Jobs Act and reduce their taxes by leveraging a tax break for small businesses.

A new technical bulletin aims to clarify the loss allowance standards for AR and related recognition standards and reporting.

The board is looking for comment on a proposed concepts statement around the issue.

A group of Democrats in the House and Senate has introduced legislation that would require large multinational corporations to provide country-by-country financial reports indicating whether they are using offshore tax havens.

The American Institute of CPAs has asked the Internal Revenue Service for more guidance on a provision of the Tax Cuts and Jobs Act that imposes a 21 percent excise tax on tax-exempt organizations that pay over $1 million in compensation, or so-called “excess parachute payments,” to top executives.

Tod Nielsen is looking back on a year of revenue growth and leveraging his company’s relationship with Salesforce to add more features to FinancialForce's accounting software and attract customers.

The International Integrated Reporting Council is asking for feedback on its set of integrated reporting principles, the International Framework, encompassing financial and nonfinancial areas such as sustainability, strategy and governance.

Leaders of the Securities and Exchange Commission and the Public Company Accounting Oversight Board issued a joint statement Wednesday about the impact of the coronavirus on audit firms trying to operate in China.

The Association of Chartered Certified Accountants and the Institute of Management Accountants released a report Wednesday on some of the major long-term issues affecting the world economy.

The Internal Revenue Service provided guidance and a safe harbor Wednesday for businesses that claim carbon capture credits in an effort to reduce emissions of carbon dioxide.

Leaders from the service’s Criminal Investigation unit and tax authorities from Australia, the U.K., Canada and the Netherlands met in Australia this week to set priorities in the fight against international tax crimes.

Internal Revenue Service officials said Wednesday they will be visiting approximately 800 taxpayers who earn over $100,000 a year and haven’t filed one or more tax returns in prior years.

The Financial Reporting Council issued guidance Tuesday about the disclosure of risks surrounding the coronavirus, and is discussing with audit firms whether the virus will affect their ability to review audits in China.

The new standard caused lease liabilities for the average company to skyrocket 1,475 percent, from $4.4 million to $68.9 million post transition.

Taxpayers prevailed in only 23 out of 55 (41.8 percent) of the significant tax cases involving state and local taxes in the fourth quarter of 2019, and for the entire year only 83 out of 218 (38.1 percent) of the significant tax cases in 2019, according to a recent analysis.

The Internal Revenue Service urged tax professionals and taxpayers to use the free, multi-factor authentication feature offered on tax prep software, as nearly two dozen firms reported data thefts so far.

The White House’s latest budget blueprint proposes consolidating the functions and responsibilities of the Public Company Accounting Oversight Board into the Securities and Exchange Commission starting in 2022.