Michael Cohn

Six former Internal Revenue Service employees have pleaded guilty to receiving unemployment benefits while they worked at the agency.

The push for a corporate tax holiday to encourage repatriation of an estimated $2.1 trillion in foreign profits seems to have gained traction again, thanks to a recent proposal from former President Bill Clinton, but such an idea could provide multinational companies with the incentive for earnings manipulation, according to a new study.

The IRS has issued a pair of one-page electronic publications containing information for individuals and families about the Affordable Care Act.

Camico, a major liability insurance provider for CPA firms, said Thursday it had posted its fourth consecutive year of gains in 2013, earning net income of $1.2 million and a policyholders’ surplus of $38.5 million, up from $38.2 million in 2012.

Employers owed the Internal Revenue Service approximately $14.1 billion in delinquent Social Security, Medicare and individual federal income taxes that they had withheld from employee paychecks as of June 30, 2012, and the Internal Revenue Service is being urged to do more to assess penalties against them.

Public companies are confronting significant new compliance challenges from a combination of Sarbanes-Oxley requirements, Public Company Accounting Oversight Board inspections of their auditing firms, and COSO’s new internal control framework, according to a new survey.

The Association for Accounting Marketing has handed out 43 awards for marketing achievement to accounting firms and their marketing employees.

U.S. corporations have reported to the Internal Revenue Service that 54 percent of their offshore profits are earned in 12 tax haven countries that, combined, only account for 4 percent of economic output among all countries where U.S. corporations do business.

A group of technology companies sent a letter Wednesday to leaders of the House Financial Services Committee objecting to legislation that would exempt companies with under $250 million in annual revenue from existing requirements to file financial statements as machine-readable open data.

The XBRL International Standards Board is forming a global Corporate Actions Working Group to standardize the transmission of corporate action events in Extensible Business Reporting Language, or XBRL.

The Governmental Accounting Standards Board voted unanimously Wednesday to approve two exposure drafts proposing significant improvements to financial reporting by state and local governments of other post-employment benefits, such as retiree health insurance.

The Financial Accounting Standards Board and the International Accounting Standards Board have released their long-awaited converged standard on revenue recognition after more than a decade of effort.

Thomson Reuters has released a pair of new client marketing newsletters for CPA firms seeking to grow their accounting, auditing and international tax practices.

The National Conference of CPA Practitioners is questioning a proposal to reinstate a discontinued program that would allow private contractors to collect unpaid tax debts on behalf of the Internal Revenue Service.

The effects of the Affordable Care Act may be weighing less heavily on the hiring plans of U.S. privately held companies this year, according to a survey of accountants who work with small businesses.

The Internal Revenue Service has ruled that employers are not in compliance with the Affordable Care Act if they simply reimburse employees for buying insurance through one of the exchanges instead of establishing a health insurance plan for employees.

A Rhode Island man has been convicted of threatening to assault and murder an Internal Revenue Service revenue agent and his family.

The Internal Revenue Service said it is now allowing some suspended or disbarred tax practitioners to obtain or renew preparer tax identification numbers and prepare federal tax returns for compensation as a result of recent court decisions in the Loving v. IRS case.

The American Institute of CPAs has issued an exposure draft proposing changes in its standards for performing and reporting on peer reviews and engagement reviews of CPA firms.

The IRS Oversight Board has sent a letter to the leaders of Congress’s main tax committees urging them not to re-instate a privatized tax debt collection program.