Michael Cohn

A new tax prep franchiser called Happy Tax is hoping to make a dent in an already crowded industry with a new business model involving CPAs.

Internal Revenue Service Commissioner John Koskinen has sent a message of thanks to tax professionals and their partners for managing to get through a “challenging” tax season.

The American Institute of CPAs has sent a set of proposals outlining its recommendations for permanent tax provisions related to disaster relief.

Senate Finance Committee chairman Orrin Hatch, R-Utah, sent a letter Tuesday to Internal Revenue Service commissioner John Koskinen questioning the agency’s expenditures on office furniture, toys and surveys at a time when the IRS chief has been complaining about budget cuts at the hands of Congress.

The nonprofit organization Tax Analysts has created an interactive bar graph of audit rates to provide information on the chances of being audited by the Internal Revenue Service depending on different business types and individual income levels.

MapLight, a nonpartisan research organization that tracks money's influence on politics, has released a new analysis of how major tax and accounting organizations are spending funds on lobbying Congress and federal agencies.

Main Street Solutions has introduced ClientLink Pro, cloud-based software that allows accountants and tax professionals to share documents and collaborate with clients.

Profitability, hiring and revenue expectations among business leaders in mature economies soared in the first quarter of this year, according to a survey by Grant Thornton.

Comedian John Oliver, host of the HBO series, “Last Week Tonight,” defended the Internal Revenue Service on his show Sunday evening, with the assistance of singer Michael Bolton.

The Association for Accounting Marketing plans to launch a Business Development Community at its annual conference in June to bring together business developers from various accounting firms.

The Internal Revenue Service is asking tax professionals to refrain from directing their clients to call the IRS’s e-help desk, saying that it is causing longer hold times on the phone line, which is only supposed to be used by practitioners.

Consumer demand is not affected as much by sales taxes that are tacked onto purchase prices, as opposed to excise taxes that are included in the purchase price, according to a new study.

Taxpayers are waiting on long lines in front of the Internal Revenue Service’s Taxpayer Assistance Centers for routine services this tax season, as the IRS’s budget crunch even limits the number of printed tax forms the agency can distribute.

Victims of identity theft are continuing to experience long delays and errors in receiving their tax refunds, according to a new report.

The consumer finance site WalletHub has created a ranking of the best and worst states to be a taxpayer.

Only 37 percent of CFOs and finance leaders say their organization’s approach to annual budgeting is valuable, and, of those, all of them think it needs be improved, according to a new report.

One out of three small businesses reported spending more than 80 hours per year and more than one-quarter spend over $10,000 annually on complying with their federal tax obligations, according to a new survey by the National Small Business Association.

The Internal Revenue Service plans to take further steps to discourage taxpayers from exceeding the limits on contributions to individual retirement accounts within a single year.

The International Auditing and Assurance Standards Board has released a revised International Standard on Auditing that encourages auditors to thoroughly read through a company’s annual report when auditing, as it provides critical information to the auditor and is ultimately beneficial to the public interest.

The Financial Accounting Standards Board appears to be poised to delay the effective date of its new revenue recognition standard by a year, giving U.S. companies more opportunity to adapt to the changes.