Michael Cohn

The Taxpayer Protection Act requires tax preparers to use their PTINs to file state returns and includes other measures to stop bad apples.

The Internal Revenue Service and the Treasury Department are following up on their threat to forestall attempts by states to get around the $10,000 limit in the Tax Cuts and Jobs Act on deductions of state and local taxes by setting up state-run charitable contribution funds.

The Internal Revenue Service and the Treasury Department published a notice Tuesday saying they intend to issue proposed regulations clarifying who is a qualifying relative for the new $500 credit for dependents and head of household filing status for years in which the exemption amount is zero for tax years 2018 through 2025.

The Financial Accounting Standards Board made two changes to its conceptual framework and released a pair of accounting standards updates aimed at making disclosures in notes to financial statements more effective.

The Internal Revenue Service is making some adjustments to its Compliance Assurance Process, a program aimed at large corporate taxpayers that involves cooperating with the IRS before any audits.

The Internal Revenue Service’s initial guidance on the executive compensation deduction won’t settle all of the lingering questions.

The Top 100 Firm is expanding its transaction advisory and valuation services, particularly for private equity funds and lenders.

The Internal Revenue Service could be pursuing further action to reduce tax refund losses associated with business identity theft, according to a new report.

The Internal Revenue Service could do more to strengthen its tax enforcement efforts by further leveraging the Return Review Program to catch fraudulent tax returns, according to a new report.

The Institute of Management Accounting has debuted a massive open online course, or MOOC, on sustainability reporting.

The Financial Accounting Standards Board’s proposed changes to the credit loss standard promise to help private banks and credit unions deal with the transition on a more comfortable timeline.

The Alabama-based firm has acquired a Kansas City, Kansas CPA practice.

The Queen of Soul is a case study in the dangers of poor financial planning.

The Internal Revenue Service updated the information on its website about the Tax Cuts and Jobs Act to help taxpayers and practitioners better understand tax reform.

The Securities and Exchange Commission and the Public Company Accounting Oversight Board finalized slightly fewer enforcement actions against accountants in 2017, slipping from 79 in 2016 to 75 last year, according to a new report.

The Illinois CPA Society and the city of Chicago are marking the 75th anniversary of when the first African-American woman became a CPA in the U.S.

A broad coalition of hundreds of industry associations and companies sent a letter Wednesday to Treasury Secretary Steven Mnuchin urging him to resolve errors in last year’s tax code overhaul related to depreciation rules and net operating loss carrybacks.

The Internal Revenue Service said Wednesday it will provide a new format for transcripts of individual tax returns that will safeguard taxpayer data by redacting personally identifiable information from Form 1040 series returns.

The Internal Revenue Service issued a revenue procedure Wednesday providing information on how companies can change their method of accounting if they have switched from being an S corporation to a C corporation in response to the Tax Cuts and Jobs Act.

The Internal Revenue Service has been sending a series of messages in recent weeks to taxpayers and tax professionals urging them to check the online withholding calculator to make sure they have the proper amount withheld from their paychecks so they can avoid a nasty surprise next tax season.