Michael Cohn

The Internal Revenue Service and the Treasury Department have issued details about the withholding on the transfer of non-publicly traded partnership interests by foreign persons under the Tax Cuts and Jobs Act, along with guidance on the “transition tax” on the untaxed earnings of overseas subsidiaries of U.S. companies.

Andersen Tax has been spreading its network of tax and legal services firms across the world after settling a legal dispute last year with a French firm that had laid claim to the Arthur Andersen name.

Ken Crutchfield, vice president and general manager of Bloomberg Tax Technology, discusses the changes in the leasing standard that accountants and their clients need to prepare for this year.

A 36-year-old accountant at a financial firm was called in as a last-minute replacement for the Chicago Blackhawks, and managed to make seven saves without letting a single puck in the net.

The American Institute of CPAs has appointed a new executive in charge of its professional standards.

The International Accounting Standards Board is changing the underpinnings of International Financial Reporting Standards.

Rapper and actor DMX was sentenced to one year in prison for tax fraud for evading taxes from 2010 to 2016.

Some of the tax returns selected by Internal Revenue Service examiners for extra scrutiny didn’t have millions of dollars in refunds held last year as they were required to be, according to a new report, and in other cases the notifications weren’t sent to taxpayers.

An accounting manager who allegedly stole more than $1.5 million from her employer has admitted to wire fraud.

A provider of cloud-based tax and financial planning services recently made its proprietary technology available to independent advisors, accountants and tax professionals.

The Top 100 Firm is acquiring a firm that specializes in outsourced finance and accounting services, effective April 1.

Late receipt of wage reporting documents is reducing the capabilities of a new system for deterring tax cheats.

The Internal Revenue Service may be changing Schedule UTP, the Uncertain Tax Position Statement, which corporate taxpayers file with their Form 1120 tax returns, because it doesn’t contain enough information to be useful in compliance efforts, according to a new report.

CPAs can provide attest services to make sure businesses are taking steps to mitigate tech risks.

An appeals panel sided with an auditor who wasn't allowed extra help at his deposition.

The leaders of a congressional subcommittee overseeing the Internal Revenue Service released draft legislation to overhaul the IRS for the first time since 1998.

The decline in the number of IRS criminal investigators has led to a drop in cases sent to the Justice Department.

The new authentication process that was installed after a big data breach still isn’t protecting taxpayer info.

The $1.3 trillion omnibus appropriations bill passed by Congress last week includes some modifications to the Internal Revenue Service’s centralized audit regime for auditing large partnerships.

The Internal Revenue Service warns virtual currency users they need to disclose gains on their tax returns.