Michael Cohn

The Obama administration has released its fiscal year 2016 budget tax proposals, which would raise taxes on the wealthy and multinational corporations stashing profits offshore, while promising middle-class tax cuts.

The Financial Accounting Standards Board has issued an exposure draft of two proposed accounting standards updates that would affect the accounting for income taxes for businesses.

Audit committees across the globe cited economic and political uncertainty and volatility, regulatory compliance, and operational risk as the greatest challenges for companies in the year ahead, according to a new survey from KPMG.

A new study finds that U.S.-based multinational corporations move an average of $12 billion in taxable income back into the country each year without paying taxes, thanks to complex mergers and acquisitions.

The owner of a tax preparation business in Washington, D.C., and her son, a schoolteacher, have been convicted of preparing false tax returns for clients.

The Internal Revenue Service’s Free File program, which the IRS operates in conjunction with tax prep software providers, could well entice more taxpayers to self-file this tax season, despite new challenges like the Affordable Care Act.

The Internal Revenue Service is partnering with community-based organizations across the country to promote the annual Earned Income Tax Credit Awareness Day, an effort to alert millions of low and moderate-income workers who may be missing out on a significant tax credit that can be worth up to $6,000.

Democrats on the Senate Finance Committee have sent a letter to the Republican chairman, Orrin Hatch, R-Utah, outlining their main principles for tax reform.

The small business mentoring organization SCORE has compiled some new statistics demonstrating how much time and money small businesses spend each year on accounting, taxes and payroll administration.

The Financial Accounting Foundation has released its annually updated print edition of the Financial Accounting Standards Board’s FASB Accounting Standards Codification, providing the authoritative source of U.S. GAAP for public and private companies and not-for-profit organizations.

A district court in Hawaii has entered a final judgment against the chief executive of a religious-themed video game company, Left Behind Games, for a multimillion-dollar scheme to boost his company’s revenues with part of his stock-trading profits.

The Internal Revenue Service is warning taxpayers to be on the lookout for unscrupulous tax preparers, citing preparers as one of the most common “Dirty Dozen” tax scams seen during tax season.

Reznick Capital Markets Securities has officially changed its name to CohnReznick Capital Markets Securities and is now an affiliated company of the accounting, tax and advisory firm CohnReznick.

More than 200 CPAs from across the Peach State are meeting state lawmakers on Thursday for the 2015 CPA Day at the Gold Dome, Georgia’s state capitol building in Atlanta.

It’s often a challenge to get clients to open up when they come in for their annual appointment during busy season. Maureen Schwartz, executive director of the global public accounting firm association BKR International, offers these 10 conversation starters to ask your clients.

Average paycheck size and cash on hand rose at small businesses in January, according to payroll service provider SurePayroll.

The Internal Revenue Service has issued a notice that provides some relief this tax season from tax penalties for taxpayers who find out when they file their taxes that they received an overpayment of premium tax credits for buying health insurance under the Affordable Care Act.

No states changed their sales tax rates in the fourth quarter of last year, but a number of cities and counties did, according to a new report.

The American Institute of CPAs has released guidance to help CPAs deal with accounting issues related to two separate issues: going concern, and not-for-profit entities with for-profit subsidiaries.

The American Institute of CPAs has written to some of the top tax lawmakers in Congress asking them to grant relief to taxpayers in appropriate situations when they miss a statutory deadline or make an error in choosing an election.