Michael Cohn

A House subcommittee held a hearing Wednesday on the estate tax after one of its members introduced legislation to repeal it.

The Republican leaders of Congress’s two main tax committees, House Ways and Means Committee chairman Paul Ryan, R-Wis., and Senate Finance Committee chairman Orin Hatch, R-Utah, have written a letter to Treasury Secretary Jacob Lew urging him to avoid pursuing an executive action by President Obama on tax reform.

The Internal Revenue Service is canceling the two days of unpaid employee furloughs it had planned in response to budget cuts.

The American Institute of CPAs sent top tax lawmakers on Capitol Hill a package of 34 legislative proposals Tuesday that the AICPA believes promote simplicity and fairness in the tax code.

Companies often turn to their accountants when they need to cut expenses, and a good place to start is with the travel budget.

Taxpayers are willing to go through more steps when preparing their tax returns, such as confirming their identifications and proving additional documentation, if it can help combat tax fraud and identity theft, according to a new survey.

The Internal Revenue Service and the Free File Alliance have reached a new five-year agreement to continue providing free tax preparation software for 70 percent of tax filers.

The CPA Consultants’ Alliance has approved a slate of new officers following CPACA’s annual meeting in Tampa, Fla., and issued a new report on the most pressing issues for 2015 for CPA consultants.

Internal audit is extending its traditional role as an assurance provider into playing a more proactive role as trusted advisor, according to a new report by PricewaterhouseCoopers.

A Kalamazoo, Mich., tax preparer who billed herself as the “#1 Tax Lady” has been indicted on multiple counts of tax fraud.

Fifty-five percent of Americans expect to receive a refund on their taxes this year and nearly 37 percent will use their refund to pay off debt, according to a new poll.

A majority of Indiana CFOs who are also CPAs see positive indicators for growth of their company and industry, and encouraging signs for the local and state economy, although the outlook for the U.S. economy was not quite as bright.

Deloitte LLP named Joseph Ucuzoglu as chairman and CEO of Deloitte & Touche LLP, the firm's audit practice subsidiary.

The International Accounting Standards Board issued an overview of its upcoming lease accounting standard Monday, saying it plans to complete its deliberations on the long-awaited standard this month and to issue the standard later this year.

The Internal Revenue Service issued a consumer alert Friday warning taxpayers to beware of tax preparers who tell clients to give them their health insurance payments.

A Finnish government tax auditor died at his desk while examining tax returns and the death went unnoticed in his office for about two days.

New York City’s Department of Consumer Affairs wants to expand interest in free tax preparation services, particularly for low-income New Yorkers who qualify for the Earned Income Tax Credit, by redesigning the sites where they can get Volunteer Income Tax Assistance.

The Institute of Certified Public Accountants in Ireland and the South African Institute of Public Accountants have signed a memorandum of understanding establishing a partnership to distribute an online CPA Certificate in International Public Sector Accounting Standards Financial Reporting in South Africa.

A significant number of companies are anticipating an increase in open accounting and finance positions in the second quarter of this year, according to the Chicago-based staffing firm Brilliant.

A majority of small businesses are happy with their accountants, but feel they pay too much in taxes, even though they’re not sure their accountants can do much to reduce their tax liability, according to a new survey.