Michael Cohn

The Internal Revenue Service’s oversight of the Low-Income Housing Tax Credit program remains minimal at best, despite a critical report last year by the Government Accountability Office, according to a new GAO report.

The Internal Revenue Service failed to identify and assist all taxpayers who may have been affected by the data breach in its online “Get Transcript” application, according to a new government report.

The Internal Revenue Service has ruled that fines issued by the brokerage industry’s self-regulatory body, the Financial Industry Regulatory Authority, or FINRA, are not tax deductible.

The Internal Revenue Service has issued final and temporary regulations to curb the use of spinoffs of corporate assets into real estate investment trusts, or REITs, to reduce taxes.

The costs of the finance and accounting function at many companies are expected to climb in the next few years, according to a new survey.

Practice management software developer OfficeTools is partnering with the cloud services company IVDesk.

Xero is teaming up with Wells Fargo to integrate Xero’s cloud-based accounting software for small businesses with the banking giant.

California was the only state to change its sales tax rate in the first quarter of the year, spurring a host of changes in local sales taxes across the state, according to a new report.

The Internal Revenue Service has restored the Get Transcript online application that it took down last year, adding improved multi-factor authentication processes to safeguard the program from being exploited by identity thieves.

The Financial Accounting Standards Board has issued a proposed accounting standards update on gains and losses from the derecognition of nonfinancial assets, clarifying the scope of FASB’s asset derecognition guidance and accounting for partial sales of nonfinancial assets.

Pay increases for CFOs and controllers increased an average of 4 percent this year, but that was slightly less than a year ago, according to a new salary survey.

The Consumer Financial Protection Bureau proposed long-awaited rulemaking last week to protect consumers from falling into the trap of ever-spiraling debt for taking out a short-term “payday loan.”

The Tax Foundation, a nonpartisan think tank, has released a new ebook comparing the impact of 100 tax reform proposals.

Only 9.8 percent of financial and accounting professionals say their companies are prepared to comply with the new lease accounting standards, according to a new survey by Deloitte.

Congress and the Internal Revenue Service are starting to take a closer look at the museums set up by private foundations that receive special tax-exempt status from the IRS.

The Internal Revenue Service released further details Friday on how a business entity can become certified under the IRS’s new certified professional employer organization program.

The American Institute of CPAs has sent comments to the Internal Revenue Service and the Treasury Department on proposed regulations for estate tax basis reporting.

OfficeTools plans to integrate its practice management software WorkSpace with Crexendo, a provider of cloud-based communication services.

The Federal Accounting Standards Advisory Board is proposing changes in how the federal government accounts for tax expenditures.

Forget about Yul Brynner, Steve McQueen, Charles Bronson, James Coburn, Robert Vaughn, Horst Buchholz and Brad Dexter. Accountants need a “Magnificent Seven” set of attributes to survive in today’s business environment, according to new research from the Association of Chartered Certified Accountants.