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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There are some sure giveaway signs for fraud examiners to watch for when theyre interviewing a possible perpetrator.
By Michael CohnJune 20 -
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.
By Michael CohnJune 13 -
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 nations debt levels.
By Michael CohnJune 6 -
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.
By Michael CohnMay 29 -
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.
By Michael CohnMay 23 -
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.
By Michael CohnMay 17 -
Edvard Munch, the painter of The Scream, was no big fan of the Norwegian tax authorities.
By Michael CohnMay 9 -
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.
By Michael CohnMay 2 -
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.
By Michael CohnApril 25 -
With Democrats and Republicans in Congress battling over competing tax legislation this week, one new bill should be able to attract bipartisan support.
By Michael CohnApril 18 -
I had the unexpected surprise yesterday of lunching with Karl Rove, known as the architect of President George W. Bushs election campaigns.
By Michael CohnApril 11 -
States are cracking down on software and devices that help businesses cheat on taxes at the cash register.
By Michael CohnApril 4 -
Like Katniss Everdeen, the young heroine of the hit movie The Hunger Games, auditing leaders are facing their own test of survival.
By Michael CohnMarch 28 -
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.
By Michael CohnMarch 21 -
A former bank executive has filed suit against the Internal Revenue Service for failing to pay him a whistleblower award.
By Michael CohnMarch 14 -
Allen Stanford, the Texas financier convicted of masterminding a $7 billion fraud involving certificates of deposit in his Antiguan bank, tried to argue that his banking disclosures complied with International Financial Reporting Standards, but that didnt convince the jury.
By Michael CohnMarch 7 -
Now that the payroll tax cut extension is safely out of the way, the latest tax legislation gambit in Congress appears to be a tongue-in-cheek effort to provide an annual $250 tax deduction for people with mustaches.
By Michael CohnFebruary 29 -
What is the meaning of art? The IRS may have the answer.
By Michael CohnFebruary 21 -
After months of wrangling, congressional leaders appear to be close to a deal on extending the payroll tax cut, unemployment benefits, and the so-called “doc fix” for Medicare physician reimbursements through the end of the year.
By Michael CohnFebruary 15 -
The tax refund delays this tax season could be tied not only to new identity theft detection filters, but also to overly tight business rules written into the IRS’s Electronic Fraud Detection System.
By Michael CohnFebruary 7