Michael Cohn

The Internal Revenue Service and the Treasury Department have issued proposed regulations relating to qualifying income from exploration, development, mining or production, processing, refining, transportation, and marketing of minerals or natural resources.

The Internal Revenue Service has been unable to stop taxpayers from collecting billions of dollars in potentially erroneous education tax credits, according to a new government report.

The Treasury Inspector General for Tax Administration released a report last week showing that the Internal Revenue Service has made significant progress in processing applications for tax-exempt status from organizations, but it’s not enough to satisfy critics of the agency.

The hiring picture at small businesses improved slightly in April, according to the payroll giant Paychex.

Jackson Hewitt Tax Service reported the best results it has seen in over five years this tax season, in contrast with competing tax prep chains H&R Block and Liberty Tax.

The Internal Revenue Service has released the inflation-adjusted deduction limitations for annual contributions to health savings accounts in 2016.

Thomson Reuters has introduced PPC’s Guide to SSARS Preparation Engagements to explain the new financial statement preparation service introduced by the American Institute of CPAs’ Accounting and Review Services Committee.

A pair of senators introduced legislation Monday to expand access to tax-exempt bonds and federal tax credits to provide more money to state and local governments to spend on fixing the nation’s aging infrastructure.

The Foreign Account Tax Compliance Act is meeting with some success in prompting foreign banks to disclose the holdings of U.S. taxpayers to the Internal Revenue Service, according to a former IRS official.

Former pro football player Plaxico Burress has been indicted by a New Jersey grand jury in the first prosecution under a new statute that makes a failed electronic funds transfer the same as a bad check.

It’s official. Governor Nikki Halley has declared May 6 to be CPA Day in South Carolina.

Many high-income parents are concerned that by leaving a large inheritance, it can do more harm than good for their loved ones, according to a new survey.

With Small Business Week approaching next week, the Internal Revenue Service reminded small businesses Friday that have failed to timely file certain required retirement plan returns that they have until Tuesday, June 2 to take advantage of a special penalty relief program.

An Internal Revenue Service revenue officer has been indicted for committing mail and wire fraud, filing false tax returns, identity theft and perjury.

The Internal Revenue Service has made big strides in processing applications from groups seeking tax-exempt status, according to a new report from the Treasury Inspector General for Tax Administration, whose 2013 report precipitated the Tea Party targeting scandal that led to the ouster of several top IRS officials.

A convicted tax preparer who was sentenced to probation in 2012 has now received a prison sentence for continuing to prepare and file tax returns in violation of a court order.

Many large privately held companies are more profitable and are growing revenues faster than publicly traded companies in the U.S., according to new data.

The Securities and Exchange Commission voted Wednesday to propose rules to require companies to disclose the relationship between executive compensation and the financial performance of a company.

Leaders of the Senate Finance Committee are being inundated with suggestions for tax reform, despite the limited prospects for comprehensive reform ahead of next year’s elections.

The International Federation of Accountants has convened the first meeting of a coalition of major accounting firms, civil society groups and international organizations to develop strategies to encourage high-quality public sector financial reporting, greater government transparency and accountability, and empowered citizen engagement.