Michael Cohn

The Internal Revenue Service has issued proposed regulations to implement a recent federal law authorizing states to offer specially designed tax-favored ABLE accounts to people with disabilities who became disabled before age 26.

The European Commission has issued a report evaluating the use of International Financial Reporting Standards over the past decade in the European Union.

The outlook from U.S. CFOs on the financial prospects for their own companies is the brightest in years, according to a new survey.

The Institute of Internal Auditors has begun publishing a series of reports under the title, “Global Perspectives and Insights,” to provide thought leadership on issues of interest to audit practitioners.

The operator of Pender Tax Services, LLC, a tax preparation business in Rosenhayn, N.J., has been indicted by a federal grand jury on one count of conspiracy to defraud the Internal Revenue Service and nine counts of preparing fraudulent tax returns for her clients.

The National Society of Accountants has posted an online petition that tax practitioners can sign to demonstrate their support for the “Tax Practitioners Bill of Rights,” which it issued earlier this week.

The House voted Thursday to repeal the medical device tax that was included in the Affordable Care Act.

The owner of a brothel in Salzburg, Austria has found an innovative way to protest what he sees as punitive taxation and regulation of his industry: offering free sex and drinks to patrons all summer.

The Institute of Certified Public Accountants in Ireland has entered into a mutual recognition agreement with the Association of National Accountants of Nigeria, which represents more than 24,000 members in Nigeria, Africa’s largest economy.

The Internal Revenue Service reported Thursday that nearly 44,000 tax preparers have completed its voluntary education program in its first year.

The Internal Revenue Service issued a revenue procedure and regulations explaining how a multiemployer defined benefit pension plan that is in critical and declining status can apply for approval of a proposed suspension of benefits.

Companies that plan to sell or spin off part of their business should be aware of some recent changes in accounting standards for “discontinued operations” that are taking effect this year.

The House Appropriations Committee adopted a fiscal year 2016 budget proposal that would provide the Internal Revenue Service with a budget of $10.1 billion—$838 million less than the current level and $2.8 billion below the Obama administration’s FY16 proposal.

A series of budget cuts at the Internal Revenue Service have led to declines in taxpayer service, case closures and dollars collected from delinquent taxpayers, according to a new government report.

The Centers for Medicare and Medicaid Services’ internal controls did not effectively ensure the accuracy of nearly $2.8 billion in financial assistance payments to insurance companies under the Affordable Care Act during the first four months that the payments were made, according to a new government report.

Thirteen community organizations have written a letter to IRS Commissioner John Koskinen asking the IRS to investigate whether the Walmart Foundation qualifies as exempt under Section 501(c)3 of the Tax Code.

Senators Chuck Grassley, R-Iowa, and John Thune, R-S.D. introduced legislation to improve customer service at the Internal Revenue Service, create new taxpayer protections, and update and strengthen existing taxpayer protections.

The Internal Revenue Service has released final regulations on the portability of a deceased spousal exclusion amount for surviving spouses facing estate and gift taxes.

ATAX, a Latino-owned tax preparation, bookkeeping and payroll services franchise company, reported Monday that the 2015 tax season was its strongest since it began franchising in 2007.

The Securities and Exchange Commission has upgraded its EDGAR online system for financial filings and will no longer support an older version of the U.S. GAAP financial reporting taxonomy.