Michael Cohn

CCH has published a new tax briefing examining recent federal tax developments and strategies for this past tax season, and how they may affect taxpayers in future tax seasons.

The American Institute of CPAs has issued new technical practice aids to help accountants dealing with recent changes by the Financial Accounting Standards Board stemming from recommendations from the Private Company Council.

The Internal Revenue Service is modifying and clarifying the regulations under Section 367(b) of the Tax Code relating to the treatment of property used to acquire parent stock or securities in certain triangular reorganizations involving foreign corporations, colloquially referred to as the “Killer B regulations,” to close loopholes in the anti-abuse rules.

The Internal Revenue Service plans to amend the regulations for the treatment of U.S. taxpayers who own passive foreign investment company stock through tax-exempt organizations.

The number of accounting class-action settlements increased for the second straight year in 2013, but remained relatively low compared to the previous decade, according to a new study.

The House has unanimously passed the Digital Accountability and Transparency Act, also known as the DATA Act, on Monday, following Senate passage earlier this month and sending the legislation to President Obama’s desk for his signature.

U.S. business optimism is at its highest level since 2004, according to a new survey by Grant Thornton.

For both consumers and corporations, the lower the income, the higher the rate of tax penalties, according to new research.

Privately held companies appear to be relatively stable and strong, as indicated by their balance sheets and income statements, according to a new report from Sageworks, a provider of data on private companies.

Actor James Franco’s accounting firm is embroiled in a lawsuit over accusations that his former talent manager illegally diverted money from the actor’s commissions to fuel a gambling habit.

The Internal Revenue Service has released a draft of an easier-to-use Form 1023-EZ for charities that are seeking tax-exempt status.

CohnReznick LLP, the 10th largest accounting, tax, and advisory firm in the U.S., has unveiled a multimillion-dollar advertising campaign with longtime spokesman Joe Torre that aims to convey the firm’s deep expertise helping clients navigate and succeed in today’s changing business landscape.

The American Institute of CPAs has written to the head of the tax-writing House Ways and Means Committee voicing strong opposition to draft legislation that would limit the use of the cash method of accounting for pass-through entities and personal service corporations.

Despite the loss of political momentum in Congress for tax reform, corporate tax leaders are still making plans in case it happens, according to a new survey.

The Tax & Accounting business of Thomson Reuters has released an integrated Federal Depreciation Handbook and Calculator for CPA firms and corporate tax professionals.

The Internal Revenue Service anticipates that nearly 5 million taxpayers will amend their returns by filing Form 1040X this year.

Milwaukee-area accounting firms Sitzberger Widmann & Company, S.C. and Hau & Associates, S.C. have merged to form Sitzberger Hau & Company S.C., effective immediately.

Baker Tilly, the U.K. firm that was one of the original 14 firms that founded the Baker Tilly International accounting firm network and its namesake, has switched its affiliation to the RSM International network, whose founding member firm in the U.S. is McGladrey.

Deloitte has acquired Urgentis Digital Crisis Solutions Inc., a Calgary, Canada-based firm that helps companies prepare for and respond to cybersecurity events.

More than 100 New Hampshire physicians and health care providers have been reportedly victimized by tax fraud, and U.S. Senator Jeanne Shaheen, D-N.H., is urging federal officials to investigate.