Michael Cohn, editor-in-chief of AccountingToday.com, has been covering business and technology for a variety of publications since 1985. Prior to joining Accounting Today and WebCPA, he worked for Red Herring, Internet World, Beyond Computing, Accounting Technology and PC Magazine, and freelanced for a variety of other business publications. A graduate of the University of Pennsylvania with a BA in English, he studied accounting at the Wharton School of Business, and currently lives in New York City.
-
The Internal Revenue Service sent out an alert Tuesday warning tax preparers about an phishing email message purporting to ask them to update their IRS e-Services information.
By Michael CohnNovember 24 -
The budget deal passed by Congress last month included a provision that would end some Social Security claiming strategies used by couples.
By Michael CohnNovember 23 -
The Internal Revenue Service has upgraded the Foreign Account Tax Compliance Act Online Registration System, enabling sponsoring entities such as foreign banks to register their sponsored entities to obtain a global intermediary identification number.
By Michael CohnNovember 23 -
Ernst & Young has released the EY Tax Guide 2016, adding new chapters of information on tax preparation.
By Michael CohnNovember 23 -
The Financial Accounting Standards Board has issued a proposed accounting standards update to clarify the definition of a business in an effort to improve financial reporting of acquisitions of nonfinancial assets.
By Michael CohnNovember 23 -
EisnerAmper announced a pair of mergers Monday, with Mallah Furman in South Florida and Ueltzen & Company in California.
By Michael CohnNovember 23 -
The Indiana Board of Accountancy has approved a proposed rule change that would amend the ethics requirements for CPAs in the Hoosier state, promising to pave the way for competency- or experience-based ethics education in Indiana.
By Michael CohnNovember 23 -
The Internal Revenue Service does not always penalize employers who fail to respond to requests to resolve discrepancies in the wage information reported to the federal government, according to a new report.
By Michael CohnNovember 23 -
Two-thirds of HR and hiring managers say their company plans to give monetary holiday bonuses this year, according to a new survey, with the average amount expected to be $858.
By Michael CohnNovember 20 -
The Financial Accounting Standards Board has issued an accounting standards update to improve how deferred taxes are classified on the balance sheet.
By Michael CohnNovember 20 -
A partner at a New York CPA firm has pleaded guilty to participating in a multimillion-dollar accounting fraud scheme.
By Michael CohnNovember 20 -
The Internal Revenue Service has proposed new regulations for innocent spouse relief related to joint and several liability under the Tax Code.
By Michael CohnNovember 20 -
Marcum LLP confirmed on Friday its merger with Smart, Devine & Company, LLC, an accounting and consulting firm based in Philadelphia, effective Dec. 1, 2015.
By Michael CohnNovember 20 -
The Internal Revenue Service announced three changes Friday to the proposed rules for the new tax-favored Achieving a Better Life Experience, or ABLE, accounts for eligible disabled individuals that will be included in the final regulations when they are issued to make it easier for states to offer and administer ABLE programs.
By Michael CohnNovember 20 -
The Internal Revenue Service has improved its audits of high-income taxpayers but needs to re-evaluate whether the threshold of $200,000 for auditing wealthy taxpayers efficiently uses the agencys examination resources, according to a new report.
By Michael CohnNovember 20 -
The Treasury Department and the Internal Revenue Service have outlined additional steps they are taking to reduce the tax benefits of corporate inversions, and when possible, stop the transactions from occurring.
By Michael CohnNovember 19 -
Interim CEOs engage in considerably more earnings manipulation than their permanent successors, according to a new study.
By Michael CohnNovember 19 -
The Internal Revenue Service has provided retailers and restaurateurs with a safe harbor of accounting for expenditures related to repairs, remodeling and refreshes.
By Michael CohnNovember 19 -
Fast-growing CPA firm OConnor Davies, LLP is adding Stanley Marks & Company, LLP, a full-service accounting firm based in Newburgh, N.Y.
By Michael CohnNovember 19 -
The Internal Revenue Service is beginning the next round of its battle against tax-related identity theft by debuting a public awareness campaign to persuade more taxpayers to safeguard their personal information, in conjunction with tax preparation companies and state tax authorities.
By Michael CohnNovember 19