Michael Cohn

A Miami resident has been charged with threatening to destroy the Internal Revenue Service building with either fire or a bomb.

H&R Block said Monday that two-thirds of tax filers among its client base who received health insurance coverage under the Affordable Care Act via the state or federal insurance marketplaces had to pay back an average of $729 of the Advance Premium Tax Credit, cutting their potential refund by nearly one-third.

The Financial Accounting Standards Board has proposed three accounting standards updates related to employee benefit plans and another update for electricity contracts.

Senators Jack Reed, D-R.I., and Chuck Grassley, R-Ia., have re-introduced legislation to make disciplinary proceedings of the Public Company Accounting Oversight Board public in order to expose auditing deficiencies at firms or the companies they audit in a timely way and help curb violations.

The Clinton Foundation is reportedly planning to re-file five years’ worth of tax returns after questions arose over donations by foreign governments to the charitable foundation run by Bill, Hillary and Chelsea Clinton.

Chief audit executives in the power and utility industry rank cyber security as the highest risk and biggest concern for their industry, according to a new report from PricewaterhouseCoopers.

The Governmental Accounting Standards Board has voted to begin research on improving the disclosures by state and local governments about going concern and debt.

Rosenberg Associates has begun its annual survey of CPA firms.

Sam’s Club, the membership warehouse club owned by Wal-Mart, is teaming up with a New York City-based accounting firm known as 1-800Accountant to offer accounting and tax services that can be accessed via mobile devices such as smartphones and tablets.

Rep. Bonnie Watson Coleman, D-N.J., has introduced legislation that would provide relief to low-income and economically vulnerable Americans who would otherwise be subject to wage garnishments by the Internal Revenue Service.

The American Institute of CPAs recommended to the Internal Revenue Service that the de minimis safe harbor threshold amount under the tangible property regulations for small business taxpayers without an applicable financial statement be increased from $500 to $2,500.

The Financial Accounting Standards Board has issued a proposed accounting standards update to improve the information provided in not-for-profit financial statements and notes to financial statements that could have major implications for nonprofit organizations.

To mark Earth Day, Congressman John K. Delaney, D-Md., said he plans to introduce legislation later this spring to tax greenhouse gas emissions in response to climate change concerns.

The House Ways and Means Committee released a new report Wednesday on the Internal Revenue Service’s declining level of customer service during the 2015 tax-filing season, blaming the IRS for diverting funds away from taxpayer service to finance other priorities such as implementation of the Affordable Care Act.

ADP found that declining energy prices, the strong dollar and winter weather contributed to slower growth in the U.S. labor market in the first quarter of the year.

The National Taxpayer Advocate has recommended that the reporting rules under the Foreign Account Tax Compliance Act and for Foreign Bank Account Reports in effect be merged to simplify the duplicative disclosure requirements that make it difficult for American expatriates to have bank accounts in the foreign countries where they live.

While the number of financial restatements has leveled off in recent years, there was an increase in restatements by large public companies known as accelerated filers for the fourth consecutive year.

New York City’s Museum of Sex hasn’t paid any sales taxes for four years and is now facing an $82,192 tax lien from state tax authorities.

The Rainmaker Companies has formed a strategic partnership with Corporate Value Metrics, an organization that helps private businesses increase their value via its Web-based tool, the Value Opportunity Profile.

The Internal Revenue Service has revised the form that employers can use to claim the Work Opportunity Tax Credit for eligible workers, but the certification form must be filed by April 30.