Michael Cohn

The American Institute of CPAs, along with the Virgin Islands Society of CPAs and the Guam Society of CPAs have submitted a letter to Congress asking for clarification on whether the Net Investment Income Tax, which was included as part of the Affordable Care Act, applies to bona fide residents of the U.S. Virgin Islands, Guam, and the Commonwealth of the Northern Mariana Islands.

More than a third of private company CEOs and CFOs plan to increase their capital spending in the coming year, the highest percentage in over two years, according to a new report by PricewaterhouseCoopers.

Honkamp Krueger & Co., an Iowa accounting firm, has been running a hilarious series of radio ads and Internet videos spoofing the Dos Equis “Most Interesting Man in the World” ad campaign.

Actor Robert Redford has filed a lawsuit against the state of New York for billing him $1.6 million in taxes related to the sale of the Sundance Channel, claiming he already paid taxes to the state of Utah.

The New York State Society of CPAs has responded to President Obama’s criticism of accountants during a press conference this week.

The Internal Revenue Service has expanded its awards to whistleblowers, allowing tipsters to claim a potentially greater share of the proceeds the IRS collects on extra tax revenue.

The International Accounting Standards Board has released a new document describing some of its most recent tentative decisions from the first half of the year on the standards for lease accounting, including what appears to be an about-face on how leases should be categorized, opening up a new gulf between it and the Financial Accounting Standards Board.

The Internal Revenue Service did not always follow all the legal requirements when conducting seizures of taxpayer property, according to a new government report.

Nearly half the members of the U.S. Senate have signed a letter expressing concern about a tax reform proposal to require the use of accrual accounting and are urging the leaders of the Senate Finance Committee to preserve the option of the cash method of accounting for tax purposes.

The Association of Certified Fraud Examiners has created a new infographic depicting the “Profile of a Fraudster.”

Fitch Ratings has weighed in on the controversy stemming from corporate inversions, noting it could have an impact on a company's cash access and credit.

The CFA Institute has released a new study that calls for enhanced loan disclosures in order to allow investors to compare the financial statements of banks more effectively.

The American Institute of CPAs has launched an initiative to improve audit quality at private companies

President Barack Obama put the blame on accountants for the wave of companies doing tax inversions.

Hans Hoogervorst, chairman of the International Accounting Standards Board, reportedly told an audience in Singapore last week that full convergence is no longer an achievable project.

CPAs in New Jersey expect their business to grow in the year ahead and have a positive view of New Jersey’s economic performance, but a majority also expect their clients will pay more taxes in 2015 than in 2014, according to a new survey.

Nearly 80 percent of Americans feel vulnerable to tax scams, according to a new survey, but nearly 60 percent of the respondents said they do not know how to prevent or protect themselves from falling victim.

XBRL US, a nonprofit organization that helps develop Extensible Business Reporting Language data tags in the U.S., is offering free data quality tools to help companies improve their XBRL financial filings with the Securities and Exchange Commission and avoid "Dear CFO" letters.

Accounting, tax preparation, bookkeeping and payroll services are collectively amongst the most profitable industries, according to Sageworks, a provider of financial information on privately held companies.

A majority of employees believe workplace etiquette affects their career prospects, but they also think people become less courteous as they rise to the top, according to a new survey by Accountemps, a staffing company for temporary accounting, finance and bookkeeping professionals that’s part of staffing giant Robert Half.