Michael Cohn

The Internal Revenue Service is eliminating the extended weekday hours, Saturday and President’s Day availability of its e-help desk service due to budget cuts.

The Internal Revenue Service has issued newly updated procedures for changing a business’s method of accounting for income tax purposes.

A new report finds that every state tax system, with the exception of the District of Columbia, taxes its poorest residents at significantly higher tax rates than the wealthiest 1 percent of taxpayers.

John Veihmeyer, the global chairman of KPMG and chairman and CEO of KPMG in the U.S., has joined the board of trustees of the Financial Accounting Foundation, the parent organization of the Financial Accounting Standards Board and the Governmental Accounting Standards Board.

The Internal Revenue Service is on the verge of kicking off tax season, opening its Free File service on Friday and electronic filing next Tuesday, while dealing with the latest round of budget cuts that promise to further curtail customer service as the IRS prepares for an onslaught of questions related to the Affordable Care Act.

Leaders of the Senate Finance Committee have formed five bipartisan working groups with the goal of analyzing the tax code and developing policy recommendations for comprehensive tax reform.

A Louisiana woman and her son are facing fraud charges for their work as tax preparers.

Four of the International Federation of Accountants’ standard-setting boards are looking for new members with the right stuff.

The House voted Wednesday to approve legislation rolling back a variety of financial regulations on business, including a requirement for companies with less than $250 million in annual revenue to file their financials in Extensible Business Reporting Language format with the Securities and Exchange Commission.

Taxpayers who file their tax returns on paper could face delays of a week or more on their refunds this tax season because of budget cuts, Internal Revenue Service commissioner John Koskinen warned.

The average fee for preparing a tax return, including an itemized Form 1040 with Schedule A and a state tax return, will increase a few dollars to $273 this year, a 4.6 percent increase over the average fee last year, which was $261, according to a survey by the National Society of Accountants.

A group calling itself the National Academy of Public Accounting Professionals is now accepting nominations for the 2015 "Top 10 Public Accounting Professionals" awards in each state.

WithumSmith+Brown can always be counted on to release a fun video every year to coincide with their annual State of the Firm celebration, and this year the firm pulled out all the stops.

The Internal Revenue Service has made some changes to its forms this tax season and introduced some new ones as a result of the Affordable Care Act.

A pair of Democratic lawmakers in the House and Senate have re-introduced legislation aimed at preventing the abuse of offshore tax havens by multinational companies.

The American Institute of CPAs has sent a letter recommending various tax reform priorities to the new chairman of the tax-writing House Ways and Means Committee, Rep. Paul Ryan, R-Wis.

Certify, a provider of travel and expense management software, has created an amusing infographic of some of the Top 10 Craziest Business Expenses that were reported last year.

The Internal Revenue Service has introduced an International Data Exchange Service that financial institutions and tax authorities in other countries will use to report tax information under the Foreign Account Tax Compliance Act, or FATCA.

Congressman Chris Van Hollen, D-Md., is introducing legislation to provide a “Paycheck Bonus Tax Credit” of $1,000 for every worker, which would be paid for with taxes on financial trading.

Former BDO Seidman chairman and CEO Denis M. Field has filed an appeal with the New York Superior Court’s Appellate Division, asking the court to reverse a state Supreme Court ruling denying his petition to vacate an arbitration decision in favor of BDO Seidman on the grounds that the decision was based on fraud at the firm.