Michael Cohn

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.

The financial information company Sageworks has introduced two new modules for its Analytical Procedures software that will help accounting firms automate audit work for government entities and financial institutions.

American workers and retirees are expressing higher confidence about their ability to afford retirement this year, even though there is little sign they are taking the necessary steps to achieve that goal, according to a new survey.

Thomson Reuters has introduced a Checkpoint Learning Health Care Reform Certificate Program for tax and accounting professionals.

Even though the economy is doing relatively well this year, that doesn't mean the average person isn't still worried about their own financial outlook.

PricewaterhouseCoopers has agreed to pay $65 million to settle claims over its audits of the failed investment company MF Global.

The Financial Accounting Standards Board released two accounting standards updates last week, one of which covers the fees paid for cloud computing while the other applies to defined benefit obligations and plan assets.

The Treasury Department and the Internal Revenue Service are trying to get more employers to offer myRA retirement accounts to employees.

The Web series Nacho Punch recently posted a funny new video for Tax Day satirizing trailers for romantic comedies, this one involving an accountant named Beth and a hapless taxpayer named Ben who fall in love over his taxes.

The Internal Revenue Service has filed a $70,000 tax lien against Melissa Harris-Perry, a professor at Wake Forest University and host of an eponymously titled cable TV news and talk show on MSNBC.

A group of Democratic lawmakers in the House and Senate have re-introduced legislation that would ban federal contracts for companies that move their headquarters overseas, but only on paper, in order to avoid paying U.S. taxes.