Michael Cohn

Officials from the Treasury Inspector General for Tax Administration told a congressional hearing that a number of backup tapes from Lois Lerner, the former director of the IRS’s Exempt Organizations unit, had been erased and they were unable to recover thousands of her old emails.

The recent debut of the Apple Watch and the increasing popularity of fitness trackers like the Fitbit show how wearable technology is becoming more commonplace in daily life, and even at workplaces such as accounting firms.

The Public Company Accounting Oversight Board has scheduled an open meeting for next Tuesday to consider the issuance of a supplemental request for comment on rules to require disclosure of certain audit participants and a concept release on audit quality indicators.

Senate Finance Committee ranking member Ron Wyden, D-Ore., has introduced legislation aimed at preventing offshore tax avoidance by some U.S. hedge fund “reinsurers.”

A pair of Democrats in the Senate and House have introduced legislation to end the tax break for carried interest that benefits hedge fund managers, private equity firm partners and venture capitalists.

The Practising Law Institute has released the Foreign Account Tax Compliance Act Answer Book 2015, a new Q&A guide that provides information on FATCA.

The Institute of Internal Auditors is releasing a new whitepaper describing 10 imperatives for internal auditors.

The American Institute of CPAs has published a new guide to help CPAs interpret and apply Statement on Standards for Accounting and Review Services No. 21.

The Internal Revenue Service is preparing for its 2015 IRS Nationwide Tax Forums across the country this summer.

Zen99, a company that aims to simplify taxes for self-employed workers, has released a ranking of the best cities for independent, self-employed accountants.

Wolters Kluwer Tax & Accounting US has introduced the CCH International Tax Compliance Calendar, an interactive tool that delivers key deadline dates to tax professionals for up to 112 tax jurisdictions around the world.

The Trustees of the IFRS Foundation, the oversight body of the International Accounting Standards Board, announced Wednesday the membership of the Accounting Standards Advisory Forum for the next three years.

The Internal Revenue Service awarded $18.8 million in contracts to 17 corporations with federal tax debt during fiscal years 2012 and 2013 despite a legal prohibition from doing business with corporations that owe back taxes, according to a new government report.

CohnReznick LLP has appointed outgoing co-CEO Ken Baggett as the firm’s first chairman of the board and elected Kevin Clancy, Risa Lavine and Ira Weinstein as members of the executive board.

The Tax & Accounting business of Thomson Reuters has debuted a new video interview series, Tax Talk, in which reporters talk with leaders in the world of tax and finance.

A new mobile app called Swipefin is aiming to become the “Tinder of tax prep” by using the same swipe left and right movements employed by the popular dating app, in this case for tracking deductible business expenses.

Financial fraud perpetrated against the elderly is on the rise, according to a new survey of CPA financial planners.

Thomson Reuters has released the 2015 editions of its series of audit guides and related practice aids.

Owners of small businesses are finding their stress levels going down as the economy improves and their money troubles lessen.

Fantasia Barrino, the Grammy-nominated R&B singer who won American Idol in 2004, is reportedly facing a tax lien for nearly $100,000 from the Internal Revenue Service.