Michael Cohn

The Internal Revenue Service held a meeting of its Security Summit partners Tuesday in Dallas and reported on progress in battling identity theft tied to tax refund fraud, along with some setbacks.

Business confidence in the U.S. declined in the second quarter and is now at its lowest level since the fourth quarter of 2016, according to a new report from the Association of Chartered Certified Accountants and the Institute of Management Accountants based on a survey of accountants.

More than 24,000 fraudulent tax returns were filed in 2015 using a prisoner’s Social Security Number, claiming refunds totaling over $1.3 billion, according to a new report.

The Sarbanes-Oxley Act was signed into law on July 30, 2002 and has led to vast changes in the accounting profession, although not necessarily in corporate ethics.

The Internal Revenue Service’s Office of Appeals plans to test a web-based videoconferencing option for taxpayers and their representatives to hold virtual face-to-meetings with IRS appeals officers without going to the IRS’s offices.

The Institute of Management Accountants has appointed Alex C. Eng, vice president of U.S. corporate finance at EDF Renewable Energy in San Diego, as the new chair of its global board of directors for fiscal year 2017-2018.

A New Jersey man who graduated with an accounting degree before becoming a professional poker player won $8.1 million in the World Series of Poker on Sunday.

With the new revenue recognition standard taking effect next year, companies and their investors are bound to see some dramatic changes in the topline numbers being reported.

The Internal Revenue Service has introduced an email feature that enables taxpayers to get notifications in their personal email accounts about their payments using IRS Direct Pay or the Electronic Federal Tax Payment System.

Two firms are expanding in New York and Nebraska.

The Top 100 Firm is expanding in New York.

The Internal Revenue Service didn’t properly implement some provisions of the PATH Act aimed at reducing improper payments for refundable tax credits, instead allowing an estimated $152 million in credits, according to a new report.

The California Society of CPAs has reached its highest population ever and plans more outreach to accounting students and minorities.

Retailers are hoping to entice back-to-school shoppers this summer.

A group of 16 House Democrats has sent a letter to the Financial Accounting Standards Board asking it to require multinational companies to disclose more country-by-country reporting information in their public financial statements about where they pay taxes and book profits.

The Top 100 Firm is combining with a consultancy in Portland, Maine.

The Internal Revenue Service and its tax industry partners warned tax professionals Tuesday that takeovers of tax professionals’ accounts by cybercriminals are on the rise.

The American Institute of CPAs sent a set of tax reform recommendations to Senate Finance Committee chairman Orrin Hatch, R-Utah, as the committee held back-to-back hearings Tuesday morning on tax reform and confirmation of an Assistant Secretary of the Treasury who will be in charge of tax policy and came from a firm that promoted controversial tax shelters.

The Association for Accounting Marketing has launched a new blog highlighting strategies to help CPA firms grow.

Deloitte has introduced a new tool that helps companies analyze how they might fare under various tax reform alternatives under consideration in Washington.