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 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 -
The Financial Accounting Standards Board's recent income tax disclosure standard is revealing that many prominent U.S. multinationals are paying far more corporate taxes in other countries than at home, according to a new analysis.
February 18 -
While most taxpayers tend to procrastinate on doing their taxes, they're even more hesitant to trust artificial intelligence to do their taxes for them.
February 18 -
The Bonadio Group is making greater use of artificial intelligence as AI makes further inroads in the accounting profession as well as other industries.
February 17 -
The Institute is asking the Treasury and the Internal Revenue Service to simplify the "determine and document" requirement for taxes charged to CFCs.
February 16 -
The Joint Chiefs of Global Tax Enforcement issued a pair of advisories on how OTC crypto trading desks and payment processors can hide criminal activity.
February 16
