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 Treasury and IRS plan to withdraw regulations that labeled basis-shifting transactions among partnerships and related parties as "transactions of interest."
April 17 -
States including Florida, New Hampshire, Texas and South Carolina are the main ones attracting clients due to their tax-friendly policies.
April 17 -
The Trump administration is reportedly making plans to shut down the Internal Revenue Service's free tax prep system next year.
April 16 -
The Financial Accounting Foundation released its annual report, offering an overview of its activities in 2024, and at the two standard-setters it oversees.
April 16 -
The number of accounting-related securities class-action filings increased slightly in 2024, but were filed against smaller companies, according to a new report.
April 16 -
The former special agent in the Criminal Investigation division who probed Hunter Biden's taxes is expected to head the IRS.
April 16 -
The federal government's financial condition worsened by $4.7 trillion in the past year, according to a new report.
April 15 -
The bill, backed by the AICPA, would enable K-12 STEM funding to be used for accounting awareness and education and eventually help with the talent shortage.
April 15 -
The Internal Revenue Service commemorated the 70th anniversary of the April 15 tax filing deadline.
April 15 -
The Internal Revenue Service issued a notice giving some breathing room to those involved with micro-captive insurance companies.
April 11 -
Ohio's new law providing an alternative path to a CPA license has taken effect after 90 days and enables out-of-state CPAs to practice in the Buckeye State.
April 11 -
In the final days of tax season, tax professionals have been grinding through their clients' tax returns while trying to reassure them.
April 11 -
The two Top 25 Firms are reportedly close to a major M&A deal, which would create a firm with $3 billion in annual revenue.
April 10 -
The American Institute of CPAs asked officials in the Treasury and the IRS for changes in the final regs governing generation-skipping transfer tax exemptions.
April 9 -
The International Auditing and Assurance Standards Board released a revised standard on how auditors should evaluate a business's prospects as a going concern.
April 9 -
A bipartisan group of over 100 lawmakers reintroduced legislation in the House to expand and strengthen the Low Income Housing Tax Credit.
April 8 -
Individuals and businesses in a dozen states hit by natural disasters in 2024 will have at least a few extra weeks to file their taxes or ask for an extension.
April 8 -
The 831(b) Institute sent a letter requesting an extension on a deadline for disclosing information about transactions that the IRS views as tax shelters.
April 8 -
Internal Revenue Service employees are being offered a last chance for a voluntary buyout as the Supreme Court blocked a ruling requiring the IRS to rehire workers.
April 8 -
Donor-advised funds are continuing to grow while enjoying substantial tax deductions -- even as many contributions go to other DAFs.
April 7
