Michael Cohn

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.

Sen. Ron Wyden, D-Ore., the ranking Democratic member on the Senate Finance Committee, has introduced legislation to support health coverage for unemployed and retired workers.

The Maryland Association of CPAs scored some wins for its members in the Maryland State House this session after lobbying lawmakers earlier this year.

The Center for Audit Quality and the Auditing Section of the American Accounting Association are providing access to audit firm employees for four academic research projects.

The candy-maker Mars Inc. rolled out a tongue-in-cheek video this week in time for Tax Day to commemorate a 2013 Tax Court decision in which the court ruled against a taxpayer who tried to write off the cost of a Snickers bar as a tax deduction.

The Public Company Accounting Oversight Board has entered into a cooperative arrangement with the Auditors’ Public Oversight Authority of the Ministry for the National Economy of Hungary to oversee audit firms subject to both regulators’ jurisdictions.