Michael Cohn

Undercover investigators working with the Government Accountability Office found it was easy to falsify information when applying for Premium Tax Credits to help pay for health insurance.

An Indianapolis CPA firm has settled a lawsuit with Indiana’s Secretary of State for $1.8 million after it served as the accounting firm of a convicted Ponzi schemer.

The battle over corporate inversion deals is heating up, as more U.S. multinational corporations find merger partners abroad that will allow them to move their tax domiciles to countries with lower tax rates.

The growing number and complexity of large partnerships, such as hedge funds, are making it difficult for the Internal Revenue Service to audit them effectively, according to a new government report.

CPAs working in the forensic and valuation areas listed “big data” as the top issue facing them in the next two to five years, according to a new survey from the American Institute of CPAs.

The Internal Revenue Service did not establish processes to verify eligibility for the Work Opportunity Tax Credit, according to a new government report.

The Internal Revenue Service has released final regulations to amend the definition of research and experimental expenditures, providing guidance for taxpayers engaged in research activities on the treatment of amounts paid or incurred in connection with the development of tangible property, including pilot models.

A tax preparer and bookkeeper in Southern California was sentenced to 36 months in prison for using the stolen identities of her relatives and former clients to file fraudulent tax returns with the Internal Revenue Service.

The Institute of Internal Auditors wants more public sector entities to establish independent audit committees.

The Organization for Economic Cooperation and Development has released the full version of the OECD’s new standard for the automatic exchange of tax information across different countries.

Employers say the Affordable Care Act is driving the costs of their medical plans higher, according to a new survey by accounting firm Cherry Bekaert’s benefits consulting unit.

Thomson Reuters has released a special report for tax professionals on how to respond to Internal Revenue Service examinations.

Professional services organizations confronted declining revenues and other challenges last year, according to a new report.

The Public Company Accounting Oversight Board has entered into a cooperative arrangement with the Danish Business Authority for the oversight of audit firms in both regulators’ jurisdictions.

Lawmakers who are part of a group of current and former CPAs and accountants in Congress are expressing concern about the possibility of the Securities and Exchange Commission allowing U.S. companies a choice of using either U.S. GAAP or International Financial Reporting Standards.

Definitions for the same or similar terms such as “income,” “small business” and “disabled” can differ across various tax provisions and policy objectives, according to a new government report.

Congress is planning a hearing next week on the integrity of the Affordable Care Act’s Premium Tax Credit program as the Internal Revenue Service is cautioning taxpayers to make sure they are receiving the appropriate level of tax credits to help them pay for health insurance.

Edward Snowden, the former National Security Agency contractor who blew the whistle on the secret surveillance activities being carried out by the federal government, is warning accountants and other professionals to be concerned about the privacy of their communications.

The House has passed legislation extending a number of tax deductions for charitable contributions and making them permanent.

Businesses that are struggling with transfer pricing issues are hoping that a new tool from the IRS will lead to a streamlined tax audit process, according to a new survey from KPMG LLP.