Michael Cohn

A man who claimed to have stolen former Presidential candidate Mitt Romney’s tax returns from PricewaterhouseCoopers and threatened to expose them has been convicted on extortion and fraud charges.

Rep. Sander Levin, D-Mich., the ranking Democrat on the House Ways and Means Committee, introduced legislation to limit two tax strategies used by some foreign-controlled U.S. multinational corporations, known as “hopscotching” and “de-controlling.”

The House passed bipartisan legislation Monday to prevent taxpayer identity theft and help victims whose tax refunds have been stolen by identity thieves. The bill was co-sponsored by a CPA turned lawmaker whose own identity was stolen last tax season.

The CPA Consultants’ Alliance has published a new book to help the CPA profession close the divide between current and emerging leaders.

In a sign of improved business hiring, 73 percent of accountants said their business clients are planning to increase or maintain their number of employees over the next 12 months, while only 5 percent indicated their business clients plan to reduce their number of employees during that period.

U.S. companies are paying among the highest corporation taxes in the world at a rate well above the global average, according to a new study by the accounting and consulting firm network UHY.

The Institute of Management Accountants has published a book featuring case studies on management accounting collected by editors of one of the IMA’s academic journals.

The House Judiciary Committee said Friday that it will hold two committee hearings to examine misconduct by the Internal Revenue Service Commissioner John Koskinen. The hearings could lead to impeachment proceedings.

The American Institute of CPAs is asking the Internal Revenue Services to make some changes to a form that tax-exempt groups use to report on transactions with “interested persons.”

The gender discrimination class-action lawsuit against KPMG has grown, with five new named plaintiffs accusing the Big Four firm of denying promotions to women and penalizing them for taking maternity leave.

The Financial Accounting Standards Board is proposing to simplify the test for goodwill impairment for public companies and nonprofits similar to recent accommodations it made for private companies.

The House has passed legislation permitting the Internal Revenue Service to share taxpayer information with state and local law enforcement agencies to help find missing or exploited children, while maintaining safeguards for sensitive taxpayer information.

The head of the International Accounting Standards Board is echoing concerns abroad also voiced by leaders of the U.S. Securities and Exchange Commission about the increasing use of non-GAAP measures in the financial statements of public companies.

Approximately 69 percent of entrepreneurs who participate in so-called “sharing economy” services such as Uber, Lyft and Airbnb received absolutely no tax guidance from the companies they work with, according to a new survey.

Avalara is exploring the potential for using blockchain, the underlying technology in Bitcoin, in its sales tax software.

Bay Sherman & Craig LLP, a firm in West Los Angeles, has joined NSBN LLP, CPAs & Advisors, effective May 1, 2016.

The Public Company Accounting Oversight Board is taking another stab at overhauling the auditor’s reporting model.

The Financial Accounting Standards Board has released a new accounting standards update providing “narrow-scope improvements and practical expedients” for the revenue recognition standard that it converged with the International Accounting Standards Board.

Avalara kicked off its Crush New Orleans conference in the Big Easy, discussing the latest trends in sales and use taxes, excise taxes, global tax compliance and technology.

Avalara introduced CertCapture Mobile Scan App, a sales tax compliance app for point-of-sale transactions.