Michael Cohn

A Florida CPA has been arrested and charged with using her tax preparation business to facilitate an income tax refund fraud scheme.

Sen. John Cornyn, R-Texas, and Rep. Sam Johnson, R-Texas, have re-introduced a bill aimed at preventing fraud in the provision of Individual Taxpayer Identification Numbers to undocumented immigrants.

Government contractors working on the Internal Revenue Service’s main communications portal for taxpayers and tax professionals might have overbilled the agency hundreds of thousands of dollars, according to a new report.

The global economy is showing stronger signs of improvement in the first quarter of the year, according to a new survey by the Association of Chartered Certified Accountants and the Institute of Management Accountants.

Employers are changing their hiring patterns for accounting staff, according to one expert, increasingly looking for permanent staff or bringing in temps that they hope to convert into full-time employees.

The Financial Accounting Standards Board has released an accounting standards update that makes targeted improvements in the disclosure requirements for insurance companies that issue short-duration contracts of typically one year or less.

A phone call between a taxpayer and an Internal Revenue Service collection employee was broadcast on Howard Stern’s Sirius XM radio show when the IRS employee accidentally put himself on hold after calling into Stern’s show.

Financial executives are experiencing a steady rise in salary and benefits, thanks to the improving economy and stiffer competition for top talent, according a new survey.

A post-implementation review of the Financial Accounting Standards Board’s standard addressing ownership interests within a company’s subsidiary found that the 2007 standard has achieved its purpose and provides useful information to users of financial statements, although there is some room for improvement.

Baruch College in New York brought together the former chairman of the Financial Accounting Standards Board, Bob Herz, and the former chairman of the International Accounting Standards Board, Sir David Tweedie, last month to discuss the evolution of accounting standards and the convergence process.

A bipartisan group of lawmakers has introduced legislation in the House that would make the current adoption tax credit fully refundable.

The National Association of State Boards of Accountancy and the American Institute of CPAs are proposing to revise the standards for continuing professional education for accountants, adding new methods for “blended learning” combining live classes and online study, and “nano-learning” in short 10-minute segments.

House Ways and Means Committee chairman Paul Ryan, R-Wis., explained his tax reform plans Tuesday during a speech before the American Institute of CPAs at the AICPA’s Spring Meeting of Council in Washington, D.C.

The American Institute of CPAs’ governing council approved a resolution authorizing the development of two new credentials for fair value measurement at the AICPA’s Spring Meeting of Council in Washington, D.C., on Monday.

American Institute of CPAs president and CEO Barry Melancon told AICPA members at the Spring Meeting of Council in Washington, D.C., on Monday about the Institute’s efforts to improve audit quality and the peer review process.

The American Institute of CPAs kicked off its Spring Meeting of Council in Washington, D.C., on Sunday with a packed agenda of meetings with lawmakers to press for priorities, including improvements in taxpayer service by the Internal Revenue Service.

Members of U2 defended the Irish rock band’s tax strategy as the band kicked off its world tour.

The International Federation of Accountants has submitted a response to the European Commission regarding a recent green paper on building a stronger capital markets union.

The Internal Revenue Service is marking National Military Appreciation Month with a free tax guide about tax benefits for the military.

An Alabama woman has been charged with filing more than 3,000 tax returns over a two-year period claiming over $7.5 million in fraudulent tax refunds.