Michael Cohn, editor-in-chief of AccountingToday.com, has been covering business and technology for a variety of publications since 1985. Prior to joining Accounting Today and WebCPA, he worked for Red Herring, Internet World, Beyond Computing, Accounting Technology and PC Magazine, and freelanced for a variety of other business publications. A graduate of the University of Pennsylvania with a BA in English, he studied accounting at the Wharton School of Business, and currently lives in New York City.
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The new Schedule 1-A and updated instructions enable taxpayers to claim the new tax breaks for tips, overtime, car loans and senior citizens for tax year 2025.
March 2 -
The Institute submitted a letter in response to the Department of Education's plan to exclude accounting from its definition of "professional degree" programs.
February 27 -
Senate Finance Committee leaders introduced bipartisan legislation with changes to IRS procedures and administration, and standards for tax preparers.
February 27 -
The Public Company Accounting Oversight Board and the Securities and Exchange Commission curtailed enforcement actions against auditors significantly in 2025.
February 27 -
The IRS issued Recovery Rebate Credits for the pandemic to nearly 301,000 ineligible taxpayers, many of whom were either immigrants or received extra payments.
February 26 -
The Institute asked for guidance from the IRS and the Treasury on the Trump Accounts for newborns as well other provisions of the One Big Beautiful Bill Act.
February 26 -
Lawmakers in Congress have their eyes on several pieces of tax-related legislation that may or may not get passed this year, though the upcoming November midterm election is bound to affect any possibility of the bills advancing.
February 26 -
The IRS introduced a new web page where taxpayers can confidentially report suspected tax fraud schemes, scams, evasion or other tax-related illegal activities.
February 26 -
The Governmental Accounting Standards Board released a proposed Implementation Guide with questions and answers on the requirements related to subsidies.
February 25 -
Proposed regulations will affect the determination of taxable income or loss and foreign currency gain or loss with respect to a qualified business unit.
February 25 -
Crowe Global reported revenues of $6.5 billion in 2025 across its international accounting firm network, a 12% increase year over year.
February 25 -
The president praised the impact of the One Big Beautiful Bill Act and his tariffs despite a Supreme Court ruling, while proposing new investment accounts.
February 25 -
Forvis Mazars reported its combined revenue globally for fiscal years 2024-25 reached $5.7 billion, or about 11% year-over-year growth.
February 24 -
The IRS's Criminal Investigation unit is leveraging the data received from financial institutions under the Bank Secrecy Act for the vast majority of probes.
February 24 -
Paid tax preparers can make serious errors on tax returns, according to a report from the Government Accountability Office that recommends better oversight.
February 24 -
The IRS and the Treasury released interim guidance on a special depreciation allowance for qualified production property under the One Big Beautiful Bill Act.
February 23 -
The American Institute of CPAs is asking the Treasury and the IRS for further guidance on the rules for deducting domestic research and development expenses.
February 20 -
The Securities and Exchange Commission is making extensive changes in auditing and accounting as it continues to deregulate under the Trump administration.
February 20 -
Citing Congress' authority to levy taxes and tariffs, the Supreme Court ruled against President Trump's sweeping tariffs in a landmark 6-3 decision.
February 20 -
The Treasury Department released interim guidance on the corporate AMT, further restricting the reach of the 15% tax on billion-dollar corporations.
February 18
