Michael Cohn

Internal Revenue Service commissioner John Koskinen is putting his hopes in the IRS’s recently introduced Form 1023-EZ, which is intended to expedite applications by small charities for tax-exempt status facing a long backlog.

The Securities and Exchange Commission announced charges against the CEO and former CFO of a Florida-based computer equipment company for misrepresenting to external auditors and the investing public the state of its internal controls over financial reporting.

SocialCPAs, a group that aims to help accounting professionals with social media, has re-launched its annual survey on social media use.

A bill requiring government agencies to disclose how much companies would be able to claim in tax credits and other benefits when they reach settlements with enforcement agencies has passed a key committee.

The online audit confirmation service Confirmation.com has expanded its presence in Europe with the acquisition of ProConfirm Ltd., an electronic audit confirmation service based in London.

Financial professionals see some remaining threats to long-term economic stability in parts of the world and believe the recovery may be limited to a few islands of financial stability, according to a new survey.

A group of Democratic lawmakers has introduced legislation designed to prohibit federal contracts to multinational companies that use corporate inversions to cut their tax rates.

The Treasury Department’s Financial Crimes Enforcement Network is hoping to lift the veil on the use of anonymous companies for financial transactions by forcing financial firms to disclose and verify the identities of the actual people, or “beneficial owners,” behind the transactions.

Thirty-five percent of adults in the U.S. have a debt in collections reported in their credit files, a new study shows.

The Big Four accounting firms are reportedly rebuilding their legal service practices, after abandoning much of that area over a decade ago in response to Sarbanes-Oxley restrictions.

Lois Lerner, the former director of the Internal Revenue Service’s Exempt Organizations unit, referred to “crazies” and “---holes” in an email exchange uncovered by Republican lawmakers on the tax-writing House Ways and Means Committee.

New York Governor Andrew Cuomo said Wednesday that 40 tax preparers across the state have been suspended by the state tax department under new regulations requiring them to file their own taxes.

Private sector employers added 218,000 jobs in July in a further sign of the rebounding economy, although the pace of job growth slackened from last month, according to the latest national employment report from payroll giant ADP.

A pair of Democratic lawmakers have introduced a bill that would provide tax relief to student loan borrowers who have been granted debt relief after consistently repaying their student loan debt for at least 20 years, giving them an exemption from being taxed on the amount forgiven on the loans.

Withdrawals from individual retirement accounts tend to be driven largely by people who are 70-½ or more, according to new research.

Tobacco makers were able to avoid paying billions of dollars in federal excise taxes by reclassifying their “roll-your-own” tobacco products as pipe tobacco, and small cigars as large cigars, according to a new government report and witnesses at a Senate hearing Tuesday.

Reeling from a series of budget cuts in recent years, the Internal Revenue Service has slashed the customer service functions at its walk-in offices, but did not evaluate the potential impact of reducing or eliminating key services at 386 Taxpayer Assistance Centers prior to implementing changes at those locations, according to a new government report.

Payroll processor Paychex and the research firm HIS reported an increase in small business employment in July, with states like Washington and Michigan leading the way.

BDO USA LLP reported a whopping 22 percent revenue increase in fiscal year 2014, jumping to $833 million in the year ending June 30, compared to $683 million in fiscal year 2013.

The Internal Revenue Service is being pressed to provide more awareness of tax breaks for victims and survivors of terrorist attacks such as 9/11, including first responders.