Michael Cohn

Editor-in-chief, AccountingToday.com

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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.

Tax regulations

IRS proposes new rules for retirement and annuity payments

The Internal Revenue Service and the Treasury Department issued proposed regulations Wednesday to update the income tax withholding rules for periodic retirement and annuity payments made after Dec. 31, 2020.

By Michael Cohn

May 27
Paycheck Protection Program

Treasury, SBA post rules for PPP loan forgiveness

The latest version supplements the previously posted rules in order to help borrowers submit their loan forgiveness applications as provided under the CARES Act.

By Michael Cohn

May 27
IRS

IRS increases HSA limits for 2021

The Internal Revenue Service issued its annual inflation adjustment Wednesday for health savings accounts for 2021, at a time when many taxpayers are worried about their health in the midst of the novel coronavirus pandemic.

By Michael Cohn

May 20
IRS

IRS starts using prepaid debit cards to send stimulus payments

The Internal Revenue Service and the Treasury Department are beginning to send nearly 4 million economic impact payments by prepaid debit card, instead of by paper check or direct deposit.

By Michael Cohn

May 19
IRS

IRS adding 3,500 phone reps to answer stimulus payment calls

The Internal Revenue Service is bringing in more help to deal with the flood of calls about economic impact payments.

By Michael Cohn

May 18
Paycheck Protection Program

SBA and Treasury roll out PPP loan forgiveness application

The U.S. Small Business Administration, in conjunction with the Treasury Department, released a loan forgiveness application for the SBA’s troubled Paycheck Protection Program, along with detailed instructions for the application.

By Michael Cohn

May 18
IRS

IRS offers more flexibility on cafeteria plans, FSAs, dependent care assistance in response to coronavirus

The IRS is extending the claims period for health care flexible spending arrangements and dependent care assistance programs and enabling taxpayers to make mid-year changes to their accounts.

By Michael Cohn

May 12
IRS

The clock is ticking to register for coronavirus stimulus direct deposit

The IRS is giving taxpayers who want to receive their payments by direct deposit a tight deadline.

By Michael Cohn

May 12
IRS

IRS explains how ineligible taxpayers should return their coronavirus stimulus payments

The Internal Revenue Service has posted information on how people who weren’t supposed to receive their economic impact payments for the novel coronavirus pandemic should return the money.

By Michael Cohn

May 6
IRS

IRS urges quick action to register children for $500 coronavirus payment by Wednesday

Recipients of Social Security benefits, as well as railroad retirement and veterans benefits recipients, will need to act fast.

By Michael Cohn

April 20