Michael Cohn

Sen. Ron Wyden, D-Ore., has proposed to simplify the complicated capital depreciation rules for businesses.

The annual Rosenberg Survey of CPA firm management is preparing to get underway.

A Georgia couple have pleaded guilty to participating in a identity theft-related tax fraud scheme in which they used the Internal Revenue Service’s online ‘Get Transcript’ application to steal other taxpayers’ refunds.

The Massachusetts Society of Certified Public Accountants said Tuesday that Carla McCall was elected the chairman of the board of directors for the 2016-2017 fiscal year.

To improve accountability around the world, representatives of the U.S. Government Accountability Office’s Center for Audit Excellence and the U.S. Agency for International Development signed a memorandum of understanding on Monday to set up a framework for collaboration on training and technical assistance efforts.

The Internal Revenue Service has released final regulations providing guidance to private foundations on program-related investments.

A pair of Senate Democrats, Chuck Schumer, D-N.Y., and Maria Cantwell, D-Wash., are urging their colleagues to increase the Low-Income Housing Tax Credit by 50 percent.

The Treasury Inspector General for Tax Administration issued an alert Friday warning that it has received information that callers impersonating IRS employees or the Treasury Department are demanding payments on iTunes Gift Cards.

The Tax Foundation has released a report on proposals to integrate the corporate and individual income tax codes and how they might work in the context of congressional tax reform.

The Public Company Accounting Oversight Board has published an alert describing concerns from the PCAOB staff about auditors improperly altering audit documentation in connection with a PCAOB inspection or investigation.

The Financial Accounting Standards Board has issued an accounting standards update amending its revenue recognition standard to provide further guidance on performance obligations and licensing.

The House passed a bill Thursday prohibiting bonuses for IRS employees until the Treasury develops a better customer service strategy, the last of six bills passed this week affecting IRS bonuses, hiring practices and policies.

The Internal Revenue Service’s expanded use of controls this tax season to identify fraudulent refund claims before accepting them into its processing system has allowed the IRS to identify approximately 35,000 fraudulent e-filed tax returns and 741 paper tax returns as of Feb. 29, 2016, according to a new government report.

A senior Treasury Department official in charge of international tax policy is seeing a greater role being played by the Group of 20 finance ministers in setting the agenda for tax laws around the world.

The Senate Finance Committee passed legislation Wednesday to protect taxpayers from identity theft and tax fraud, but without a provision for regulating tax preparers.

Harriet Tubman, the leader of the Underground Railroad that brought slaves to freedom before the Emancipation Proclamation, will be the new face on the $20 bill, the Treasury Department announced Wednesday.

Exact introduced an updated version Wednesday of its enterprise resource planning and business software, Macola 10.4, with enhanced workspaces, business intelligence functionality and a financial consolidation tool for manufacturing and distribution businesses.

Atlanta accounting firm Bennett Thrasher has merged in Graves Technology, a technology consultancy also based in Atlanta.

Rep. Sander Levin, D-Mich., the ranking member of the tax-writing House Ways and Means Committee, and other House Democrats introduced legislation Wednesday to restore the estate tax and gift tax rate and exemption level to the same amounts as in 2009.

Wage growth for full-time workers accelerated in the first quarter of the year, according to a new report from payroll giant ADP.