Michael Cohn

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.

Rep. Jason Chaffetz, R-Utah, and a bipartisan group of lawmakers have teamed up to introduce new legislation that aims to make it easier for states and localities to collect sales taxes on online purchases and other remote transactions.

The National Society of Accountants has created a Tax Practitioners Bill of Rights.

The Internal Revenue Service has added some types of grantor trusts to the list of areas in which it does not plan to issue letter rulings or determination letters.

Many CFOs have trouble separating themselves from the office during their summer vacations, according to a new survey.

The Internal Revenue Service said Monday that all empowerment zone designations remained in effect through the end of 2014.

The Internal Revenue Service is reminding all taxpayers with a filing requirement for a foreign bank account report to report their foreign assets by the June 30 deadline.

The U.S. Treasury Department’s Community Development Financial Institutions Fund is awarding more than $3.5 billion in New Markets Tax Credits to 76 organizations across the country to stimulate investment and economic growth in low-income urban neighborhoods and rural communities.

Investors and regulators are hoping to see the Financial Accounting Standards Board and the International Accounting Standards Board somehow reconcile their differing approaches to accounting for loan impairments and credit losses in their financial instruments project.

The Governmental Accounting Standards Board is proposing new recognition and measurement guidance for governments that benefit from irrevocable split-interest agreements.

Melissa Gilbert, who starred in the TV series “Little House on the Prairie,” is reportedly paying off a big tax lien from the Internal Revenue Service.