Michael Cohn

Twenty-six percent of employers offering health benefits could be subject to the Affordable Care Act’s tax on high-cost health plans, also known as the “Cadillac plan” tax, in 2018 unless they make changes to their plans, according to a new analysis.

The owner of Mystic Pizza, the Connecticut pizzeria made famous by the 1988 Julia Roberts movie of the same name, has been sentenced to over a year in prison on charges of tax evasion and structuring cash transactions.

The Georgia Society of CPAs recently met with officials from the Georgia Department of Revenue at the GSCPA’s Learning Center to discuss several issues affecting tax practitioners and their clients.

The Internal Revenue Service is sending letters to taxpayers who received advance payments of the premium tax credit in 2014, but who have not yet filed their tax returns.

The Center for Audit Quality and the Auditing Section of the American Accounting Association are looking for academics who want access to audit firm personnel for their research projects.

Congressional stalling on tax reform, currency fluctuations and mixed signals from the Federal Reserve on an interest-rate hike are making strategic planning difficult for CFOs, according to a new survey by Grant Thornton.

A group of law firms has filed a class-action lawsuit against the Internal Revenue Service on behalf of an estimated 330,000 taxpayers who were affected by a data breach in the IRS’s online Get Transcript application.

The Governmental Accounting Standards Board said the deadline is approaching for comments on two of its proposed changes in standards for external investment pools and irrevocable split-interest agreements.

CliftonLarsonAllen is merging in the information security consulting firm TrustCC, effective Sept. 1.

The Financial Accounting Standards Board plans to host roundtable meetings to discuss its recent proposed changes in accounting for not-for-profit organizations and health care entities.

The Internal Revenue Service has filed tax liens totaling more than $4.5 million against the rapper T.I., whose real name is Clifford Harris, and his wife “Tiny,” singer-songwriter Tameka Cottle.

Nearly half of accounting and finance professionals in a recent survey said they typically spend their lunch breaks eating alone, even though almost as many said they would rather have a coworker join them for lunch.

Leaders of the Senate Finance Committee sent a letter Monday to four federal service centers asking for clarification on reporting practices for federal employees’ wage and tax statements to the Social Security Administration and state tax agencies in order to safeguard against tax-related identity theft.

The Internal Revenue Service’s computer systems are failing to send some taxpayers notices of additional tax levies, according to a new report.

The Internal Revenue Service’s Office of Appeals has the authority to abate certain taxpayer penalties when the abatement has been denied by other IRS offices, but a new report questions whether the office is providing enough justification for its decisions.

With an estimated 75 percent of CPAs expected to retire over the next 15 years, according to the AICPA, CPA firms are under pressure to recruit and retain a sufficient number of young accountants to keep the business going.

The Governmental Accounting Standards Board has issued final guidance that requires state and local governments for the first time to disclose information about tax abatement agreements.

The Internal Revenue Service has issued final regulations for determining a taxable beneficiary’s basis in a term interest in a charitable remainder trust upon a sale or other disposition of all interests in the trust, to the extent that basis consists of a share of adjusted uniform basis.

The Financial Accounting Standards Board has issued an accounting standards update on derivatives and hedging related to electricity contracts.

The causes behind Greece’s ever-worsening debt crisis have been attributed to different factors, including widespread tax evasion, harsh austerity measures, an underground economy, and predatory investment banks and hedge funds, but according to one expert, the main culprit is bad accounting.