Michael Cohn

A Houston-based company, FMC Technologies, has agreed to pay a $2.5 million penalty to resolve charges that it overstated profits in one of its business segments, the Securities and Exchange Commission said Thursday.

The Internal Revenue Service still has some work to do to strengthen the controls over its Electronic Authentication Process after criminals gained access to an estimated 724,000 taxpayer accounts through its online Get Transcript application last year, according to a new report.

A new virtual reality game takes players inside a nightmarish accounting office.

The Internal Revenue Service spent $12 million to subscribe to a Microsoft enterprise email system that it was ultimately unable to use, according to a new report.

Global business confidence reached a 12-month high in the third quarter of the year, according to a new poll by the Association of Chartered Certified Accountants and the Institute of Management Accountants.

Accounting firm management expert Gary Shamis is departing BDO USA LLP to found his own consultancy, Winding River Consulting, in Cleveland.

Cole, Newton & Duran, a firm based in Livonia, Mich., is acquiring two other firms in the Detroit area, Michael G. Thomas CPA and Bartos, Hoffer, Lustig & Tomes, PC.

The Internal Revenue Service is postponing a security upgrade to its e-Services for tax professionals in a new setback for the agency.

Grant Thornton International Ltd. has prevailed in a class-action lawsuit brought by three Louisiana pension funds against the firm.

The Treasury Department and the Internal Revenue Service have released final regulations on earnings stripping in an effort to reduce the tax benefits of corporate inversions.

Thomson Reuters has introduced Thomson Reuters Checkpoint Marketing for Firms Social Media Infographics and Fun Facts, with visuals that tax and accounting professionals can use on social media every week.

In the wake of Hurricane Matthew, the Internal Revenue Service has released new rules and procedures for deducting disaster losses.

The Internal Revenue Service allowed over $27.2 million in potentially wrong tax refunds or tax credits to 1,938 taxpayers who made so-called “frivolous tax arguments,” according to a new report.

It won’t be long before the Ben Affleck action movie “The Accountant” comes out this weekend, and already the anticipation is building.

The Internal Revenue Service is giving victims of Hurricane Matthew in North Carolina extra time to file their tax returns and make tax payments.

President Obama has signed legislation exempting Olympic and Paralympic athletes from taxes on their medals and winnings.

Board members at public companies largely favor the use of non-GAAP measures but differ on disclosures of how they’re being used, according to a new survey.

Eide Bailly is expanding its practice in Scottsdale, Ariz., by adding Rauch, Hermanson, Everroad and Rentschler, effective Oct. 31, 2016.

Thomson Reuters has introduced a certification program for practitioners who want to offer retirement planning services to their clients.

Accounting firm consultant Kristen Rampe has released a new report on how CPA firms can address the staffing shortage afflicting so many firms today.