Michael Cohn

With record-setting temperatures across the country this summer reminding people that the weather has been getting pretty hot lately, it was only a matter of time before the notion of imposing carbon taxes would return to the heads of policy makers.

If you’re an Olympic gymnast and you fail to do all of the moves in a compulsory routine, you’re subject to a mandatory deduction. Does the same thing apply to tax deductions?

The International Accounting Standards Board is headed toward a more multilateral approach in the formation of International Financial Reporting Standards, as the U.S. appears increasingly unlikely to throw its support behind IFRS this year.

The Securities and Exchange Commission’s final staff report on International Financial Reporting Standards seemed to bend over backwards to avoid making a recommendation to the SEC commissioners on how they should vote, but with all the many drawbacks listed in the report, it’s questionable how the SEC could ever vote at this point to support IFRS.

An eye-opening report sheds a harsh light on the growing trend of sales of property tax liens to unscrupulous profiteers, all too often forcing the elderly and impoverished out of their homes due to outstanding tax debts.

Sen. John McCain, R-Ariz., has a novel idea. Instead of allowing $500 billion of cuts in the defense budget to go forward as part of last year’s deficit reduction deal, he wants to use money saved from closing tax loopholes.

There are some sure giveaway signs for fraud examiners to watch for when they’re interviewing a possible perpetrator.

A new report from the Federal Reserve indicates that the median net worth of American families plummeted by 38.8 percent in the aftermath of the recession.

With the expiration of the current tax rates approaching at the end of the year, and a deep round of spending cuts looming, a new report sheds light on what effect that would have on the economy and the nation’s debt levels.

The Dewey & LeBoeuf bankruptcy is shaping up to be the largest law firm bankruptcy in U.S. history and could provide a cautionary tale for accounting firm mergers.

The Congressional Budget Office has issued a report warning that the economy could slip into a recession unless policymakers decide what to do about the steep tax increases and spending cuts that are scheduled to take effect next year.

CPA firms are starting to feel more pressure again from the economy as the recovery ever so slowly ramps up, with international problems threatening to throw it off course, and regulatory requirements adding to their workload.

Edvard Munch, the painter of “The Scream,” was no big fan of the Norwegian tax authorities.

The upcoming expiration of the Bush-era tax rates at the end of the year is already starting to produce its share of anxiety along with outsize forecasts of financial disruption.

With the interest rates for federally subsidized student loans scheduled to double from 3.4 to 6.8 percent in July, the topic has suddenly become a hot political issue.

With Democrats and Republicans in Congress battling over competing tax legislation this week, one new bill should be able to attract bipartisan support.

I had the unexpected surprise yesterday of lunching with Karl Rove, known as the architect of President George W. Bush’s election campaigns.

States are cracking down on software and devices that help businesses cheat on taxes at the cash register.

Like Katniss Everdeen, the young heroine of the hit movie “The Hunger Games,” auditing leaders are facing their own test of survival.

A bill advertised as creating jobs at small businesses and increasing their access to capital from the public markets would also knock down many of the auditing controls protecting investors.