Michael Cohn

Accountants need to make sure they are keeping their clients' files safe, especially during tax season when the threat of identity theft only seems to be getting more prevalent every year.

A pair of senators, Jack Reed, D-R.I., and Chuck Grassley, R-Iowa, have introduced bipartisan legislation aimed at preventing companies from deducting the penalties that have been agreed to in settlements with the government from their taxes.

A new report from a British Parliamentary committee attributes a tax avoidance scheme in Luxembourg to PricewaterhouseCoopers and says other large accounting firms have played a role in similar maneuvers.

Smaller percentages of American taxpayers plan to spend their tax refunds on savings, investment or debt reduction than in years past, according to a new survey.

The American Institute of CPAs is asking the Senate to quickly approve several income tax treaties with other countries that have been awaiting ratification for years.

Financial Executives International has sent a letter to the Financial Accounting Standards Board taking issue with FASB’s recent proposed changes in the accounting standards for income taxes.

The Internal Revenue Service reported Friday that tax season is off to a strong start this year, with the tax-filing volume running ahead of last year so far.

The Internal Revenue Service has issued a new revenue procedure for this year providing the depreciation deduction limitations for owners of passenger automobiles (including trucks and vans) first placed in service during calendar year 2015 and the amount to be included in income by lessees of passenger automobiles first leased during 2015.

Three Republican lawmakers are calling on the Social Security Administration to work with the Internal Revenue Service to do more to stop fraudulent claims for the Earned Income Tax Credit, particularly by the self-employed.

The Securities and Exchange Commission has imposed sanctions against four China-based accounting firms that had until recently refused to turn over documents related to investigations of potential accounting fraud.

Deloitte hosted Olympic figure-skating champion Evan Lysacek and Paralympic swimming champ Brad Snyder at New York University as part of the firm’s campus recruiting efforts, telling students inspiring stories about how they overcame obstacles to win gold medals in their sports.

The Internal Revenue Service rehired hundreds of former employees with prior conduct or performance issues, including employees who failed to file their taxes, falsified official forms and misused IRS property, according to a new report.

India’s Ministry of Corporate Affairs has released a revised roadmap for implementation of Indian Accounting Standards as part of its effort to converge with International Financial Reporting Standards.

The Internal Revenue Service has launched a new, online public directory of tax return preparers as part of its effort to promote its Annual Filing Season Program for testing and continuing education of tax preparers on a voluntary basis.

The Securities and Exchange Commission voted Wednesday to approve the Public Company Accounting Oversight Board’s 2015 budget and annual accounting support fee, which were both lower than last year.

The U.S. Treasury Department and the Department of Education are working with H&R Block and Intuit this tax season to raise awareness of the income-based repayment options for federal student loan borrowers.

The Internal Revenue Service did not always respond with accurate, timely information to requests from law enforcement to help identity theft victims, according to a new report.

Private sector employers added a healthy 213,000 jobs last month, according to payroll giant ADP, even though small businesses and some industry sectors slowed their hiring pace.

As Congress begins to digest President Obama’s proposals for changes in how to tax the foreign earnings of U.S. multinational companies, a brief refresher on business structure might be useful.

Payroll giant Paychex reported Monday that its index of small business employment saw the strongest one month gain since its peak in April of last year.