Michael Cohn

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.

Five defendants from around the country have been indicted by a federal grand jury in Erie, Pa., on charges of conspiracy to commit wire fraud and aggravated identity theft in a scheme in which the Internal Revenue Service paid out approximately $10 million in tax refunds.

Only a little over half of small businesses understand and are prepared for the changes required by the Affordable Care Act, according to a new survey.

The Center for Audit Quality has released a paper setting out an approach to developing audit quality indicators, which it will be pilot-testing with several auditing firms and audit committees.

The Internal Revenue Service said Wednesday it is taking new steps to fix the HeartBleed bug that was recently identified on sites across the Internet.

The International Auditing and Assurance Standards Board has released for re-exposure an enhanced International Standard on Auditing that clarifies the auditor’s reporting responsibilities for the information included in corporate annual reports.

The Internal Revenue Service has released the 2015 inflation-adjusted deduction limitations for annual contributions to a health savings account.

Construction companies have seen steady profit and sales growth recovery since 2009, but 2013 figures indicate their rate of growth is slowing, according to data from the financial information company Sageworks.

The more discipline an individual brings to their finances, the more financially secure he or she feels in the present, and the greater likelihood they’ll be happy in the future, according to a new study.

As the number of large partnerships involving 100 or more direct partners continues to grow, the Internal Revenue Service is taking a closer look at them, according to a new government report.

Employees are becoming increasingly engaged and more proactive in their financial planning, according to a new study.

The Internal Revenue Service has arranged to pay Microsoft extra money to continue to support its old Windows XP computers beyond the cutoff date that Microsoft has imposed for supporting the old operating system.

The Internal Revenue Service is anticipating the chances of a tax return being audited to be the lowest in years.