Michael Cohn, editor-in-chief of AccountingToday.com, has been covering business and technology for a variety of publications since 1985. Prior to joining Accounting Today and WebCPA, he worked for Red Herring, Internet World, Beyond Computing, Accounting Technology and PC Magazine, and freelanced for a variety of other business publications. A graduate of the University of Pennsylvania with a BA in English, he studied accounting at the Wharton School of Business, and currently lives in New York City.
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The more discipline an individual brings to their finances, the more financially secure he or she feels in the present, and the greater likelihood theyll be happy in the future, according to a new study.
By Michael CohnApril 18 -
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.
By Michael CohnApril 18 -
Employees are becoming increasingly engaged and more proactive in their financial planning, according to a new study.
By Michael CohnApril 18 -
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.
By Michael CohnApril 17 -
The Internal Revenue Service is anticipating the chances of a tax return being audited to be the lowest in years.
By Michael CohnApril 17 -
The accounting and advisory firm Baker Tilly Virchow Krause has introduced an interactive online mapping tool that helps users determine if a business or development project may qualify under various criteria for the New Markets Tax Credit or Low-Income Housing Tax Credit program.
By Michael CohnApril 17 -
A pair of senators have called on the Social Security Administration to end the policy of seizing taxpayers refunds to hold them accountable for decades-old errors made by the agency that led to the overpayment of benefits, and the agency has agreed to do so.
By Michael CohnApril 14 -
The International Federation of Accountants has received £4.935 million ($8.256 million) in funding from the United Kingdoms Department for International Development, or DFID, for the purpose of strengthening professional accountancy organizations around the world.
By Michael CohnApril 14 -
The Governmental Accounting Standards Board has issued a concepts statement that will guide GASB in establishing accounting and financial reporting standards for U.S. state and local governments regarding the measurement of assets and liabilities.
By Michael CohnApril 14 -
Internal Revenue Service commissioner John Koskinen addressed a special thank you to the tax community in an email to tax professionals Friday, noting that their work is critical to running the tax system and helping the nation.
By Michael CohnApril 11 -
Many corporate tax executives are lost when it comes to the tax implications of doing business in the cloud, leading to missed cost savings and the possibility of future tax liabilities and reputational risks, according to a new survey by KPMG.
By Michael CohnApril 11 -
Singer and actress Courtney Love has reportedly been on the receiving end of a $319,749 tax lien from the Internal Revenue Service.
By Michael CohnApril 11 -
The Internal Revenue Service has released the 2014 version of The Truth about Frivolous Tax Arguments, a document that describes and responds to some of the common frivolous tax arguments made by those who oppose the federal tax laws.
By Michael CohnApril 11 -
The U.S. Office of Special Counsel has recently investigated several cases in which Internal Revenue Service employees allegedly engaged in partisan political activity in the workplace, advocating in support of President Obama.
By Michael CohnApril 11 -
The Financial Accounting Standards Board has issued new guidance on representing when a company or organization discontinues its operations.
By Michael CohnApril 10 -
The Internal Revenue Service did not pursue up to $53 million in potentially improper claims for the Qualified Retirement Savings Contributions Credit, according to a new government report.
By Michael CohnApril 9 -
A new Web site provides a state-by-state guide to tax laws and regulations for LGBT couples.
By Michael CohnApril 9 -
Thomson Reuters has published a special report on the 3.8 percent net investment income tax that was included as part of the Affordable Care Act, which tax preparers will be calculating for the first time on their clients 2013 returns.
By Michael CohnApril 9 -
The Internal Revenue Service issued a notice Tuesday saying that Bitcoin and other virtual currencies should be treated as property for federal tax purposes and the general rules for property transactions should apply.
By Michael CohnMarch 25 -
Its no secret that the legal profession has been facing a host of challenges in recent years, including layoffs and consolidation at many large firms and a steep decline in enrollment at many law schools as students who graduate are confronted with astronomical debts from their student loans and grim job prospects.
By Michael CohnNovember 26