Michael Cohn

The American Institute of CPAs is working with the American Society of Appraisers, the Royal Institution of Chartered Surveyors and other organizations on issues facing the valuation profession and how to address them, including a new credential to enhance consistency and transparency in the fair value measurement process.

Figuring out how to pay taxes on gambling wins can be difficult for many tax clients, not to mention how to account for the losses.

The Internal Revenue Service is not using the available data to identify potentially erroneous claims for the Rehabilitation Credit, a tax incentive given to private sector developers for restoring and maintaining historic structures, according to a new report.

The House Ways and Means Oversight Subcommittee held a hearing Wednesday on “protecting small businesses from IRS abuse,” a day after the House Judiciary Committee held a misconduct hearing in an effort to oust IRS Commissioner John Koskinen.

Sen. Ron Wyden, D-Ore., the ranking Democrat on the Senate Finance Committee, has introduced legislation that would require presidential nominees such as Donald Trump, the presumptive Republican nominee, to release their tax returns.

Deloitte Touche Tohmatsu has introduced Deloitte Pixel, a new service that leverages “crowdsourcing” technology to allow outside people to help the firm develop new services and projects for Deloitte and its clients.

The National Association of State Boards of Accountancy has released for the first time in history an official CPA population statistic representing the total number of individual, U.S.-licensed CPAs.

Agents working with the Treasury Inspector General for Tax Administration have arrested five individuals who impersonated Internal Revenue Service employees and demanded payment from taxpayers.

Summer isn’t too far away, and many parents are wondering if they can afford to send their kids away to summer camp this year. The ability to take a tax deduction for such expenses could make all the difference.

Criminals are using technology to perpetrate nearly a third of their frauds, according to a new survey by KPMG, while organizations are lagging behind on the use of technology such as data analytics to detect those frauds.

The number of financial restatements from companies fell nearly 14 percent last year to the lowest number since 2002, according to a new report.

Moore Stephens’ Hong Kong firm won a victory in a New York federal appeals court on a case that could have a far-reaching impact on class-action lawsuits involving audit reports.

A bipartisan group of senators from the Senate Finance Committee are asking the Treasury Department to intervene with European Commission officials who have been investigating special deals set up by U.S.-based multinationals with countries in the European Union allowing them to lower their taxes.

The Internal Revenue Service is reminding tax professionals to register for its 2016 IRS Nationwide Tax Forums, where they can earn up to 19 continuing professional education credits.

The American Institute of CPAs has asked the Internal Revenue Service and the Treasury Department for the IRS to set up a separate user fee category for private letter ruling requests for S corporations, which would result in lower fees for these requests.

The American Institute of CPAs has sent a comment letter to the Internal Revenue Service about Notice 2015-54, Transfers of Property to Partnerships with Related Foreign Partners.

The profiles and priorities of CFOs around the world are undergoing a transformation, according to a new report from Ernst & Young.

Chart-topping singer Dionne Warwick sang for the New York State Society of CPAs at the NYSSCPA Foundation for Accounting Education’s annual gala Thursday evening, raising funds for young students interested in entering the accounting field.

The Internal Revenue Service is planning to begin testing as early as next week a more secure version of the online “Get Transcript” app that was taken down last year when the IRS discovered it had been used by hackers to access hundreds of thousands of tax returns.

The Internal Revenue Service still doesn't have the authority from Congress to correct billions of dollars in erroneous claims for the Earned Income Tax Credit despite recent legislation, according to a new report.