Michael Cohn

The Supreme Court kicked off its new term on Monday with a brand new justice who will be hearing about a number of tax cases, at least when she doesn’t have to recuse herself.

Wayne Carnall, chief accountant of the Securities and Exchange Commission’s Division of Corporate Finance, has been seeing so many hits on the SEC’s website lately that he’s comparing the agency to pop sensation Lady Gaga.

Doctors have been opting out of the Medicare system at an alarming rate lately as the system goes through a tumultuous year, leaving some accountants’ clients in a bind when they suddenly cannot get their medical bills paid.

Washington is preparing to do battle over the decade-old question of whether income tax cuts should be extended to taxpayers at the upper income scales.

President Obama has not yet formally unveiled his plans for stirring up the sleeping job market through business tax breaks and infrastructure spending, but his ideas are already provoking skepticism.

New York and Philadelphia have been provoking the ire of their residents lately by levying taxes on two formerly sacrosanct local products.

Barney Frank once urged Financial Accounting Standards Board Chairman Bob Herz not to let the FASB become the “Slows-B” when it came to revamping accounting standards in the midst of the financial crisis, and Herz certainly isn’t being slow when it comes to his just-announced retirement.

Sen. Bill Nelson, D-Fla., has proposed a set of tax breaks to encourage investment in the commercial space industry as a way to cushion the blow from recent cutbacks in the space program.

Freed from the threat of the Supreme Court putting it out of business, the Public Company Accounting Oversight Board has decided to start flexing its muscles.

Is the Prince of Wales proclaiming sustainability reporting throughout the accounting realm?

The talk in Washington is beginning to sound a little panicky when it comes to extending the Bush tax cuts.

Leonardo da Vinci’s friend Luca Pacioli is considered to be the father of accounting, but could the old Franciscan friar have left behind some tantalizing clues in his 1494 book that would predict the future of accounting as we now know it more than five centuries later?

Bank of America has fessed up to having shifted billions of dollars in debt off its balance sheet at opportune times in its fiscal calendar over the past three years, showing that the kinds of repurchase transactions that helped sink Lehman Brothers were not altogether uncommon.

Before departing on its holiday break, the Senate left a number of important issues unresolved, including the fate of the unemployment extension and tax extenders legislation, not to mention the financial reform bill.

Even though the Public Company Accounting Oversight Board technically lost a Supreme Court ruling Monday, the board is likely to emerge stronger now that the element of uncertainty has been removed.

Gulf Coast residents contending with the oil washing up on their shores could find that the checks from BP come with a few mucky strings attached.

.A new set of standards will allow accountants to explain exactly why their independence may have been impaired when performing compilation services for clients.

The G-20 group of finance ministers decided last weekend against levying a global bank tax amid fierce opposition from some countries, but that doesn’t mean the idea of taxing banks to pay for future bailouts is gone completely.

Sen. Charles Schumer, D-N.Y., wants to put a stop to U.S. companies that transfer customer service calls halfway around the world.

The health care reform bill included a provision for extra information reporting that could mean many businesses will need to file hundreds more 1099 types of forms to help the government close the tax gap.