Michael Cohn

A bankrupt Tennessee animal feed company, AgFeed Industries, has agreed to pay back $18 million in illicit profits from an accounting fraud that resulted in a Securities and Exchange Commission enforcement action earlier this year.

An industry group is urging the House to postpone a vote on legislation that would scale back Securities and Exchange Commission requirements for companies to file their financial statements using Extensible Business Reporting Language, or XBRL, technology.

Leaders of the Senate Finance Committee are hoping their fellow members of Congress will work on passing tax extenders legislation to renew expired tax provisions for individual and business taxpayers, but the legislation probably will not be passed until after the midterm elections this fall.

Slashing a CEO’s compensation after a company produces disappointing financial results may help improve earnings for a time, but it can also encourage earnings manipulation, according to a new study.

Approximately 7.2 percent of U.S. employees have their wages garnished, according to a new study released Monday by the payroll giant ADP, with the percentage rising to 10 percent for those who earn between $25,000 and $39,999 per year.

A pair of reports were released Monday claiming to rank the most and least fair state tax systems and the most and least competitive international tax systems.

The IRS must be one of the most frequently sued agencies in the federal government, and now it’s facing a challenge over whether it has the right to charge tax preparers for the annual cost of a Preparer Tax Identification Number.

Mark Vorsatz, CEO of the recently renamed Andersen Tax, wants to clear up some of the misconceptions about the namesake for his firm, Arthur Andersen, and why he decided to change the name from WTAS.

Tax and finance executives are concerned they don’t have enough resources at their disposal to navigate a risky tax environment, according to a new survey from Ernst & Young.

A bipartisan majority of the House of Representatives comprising 233 members have signed a letter urging the House leadership to preserve the cash method of accounting for tax purposes, writing that proposals requiring a transition to the accrual method “will have a severely detrimental impact on thousands of businesses in our districts.”

Rep. Mark Pocan, D-Wis., has introduced three pieces of legislation to close tax breaks that enable U.S. multinational corporations to use so-called “inversions” in which they merge with a foreign company and move their tax domicile abroad to a low-tax country to reduce corporate taxes.

Bloomberg BNA has enhanced its Premier International Tax Library with expanded content and new tools from tax practitioners in different countries.

Internal Revenue Service commissioner John Koskinen told a congressional subcommittee about the IRS’s progress on the Affordable Care Act and the impact that tax subsidies will have next tax season.

The Indiana CPA Society has released its first integrated report, becoming the first state CPA society in the U.S. to prepare its own integrated report.

The Internal Revenue Service’s Office of Professional Responsibility has released guidance under Circular 230 regarding power of attorney for tax practitioners who are employed by large corporations.

Samuel A. Dyckman, CPA, J.D., LL.M., a longtime tax and accounting professor at Baruch College in New York, has died.

The Internal Revenue Service said Wednesday that more than 1 million tax payments have been processed so far this year through its new IRS Direct Pay system.

The Institute of Internal Auditors has called on Congress today to fully support efforts by federal inspectors general to ensure unrestricted access to information needed for their investigations, as allowed by federal law.

The owner of a Michigan human resource management firm was charged with filing false tax returns on behalf of his business clients.

Regulators have been clamping down on auditors of broker-dealers in recent years in response to the lack of meaningful audits of Bernard Madoff’s investment firm and other scandals uncovered during the financial crisis.