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 guidance clears up the tax treatment of expenses when a loan from the Paycheck Protection Program hasn’t been forgiven by the end of the year.
November 19 -
Regardless of who wins the White House, the scope for tax legislation in the near term will be limited.
November 5 -
The legislation would encourage saving earlier by enrolling employees automatically in their company’s 401(k) plan, whenever a new plan is created.
October 29 -
An estimated 9 million people haven't yet received Economic Impact Payments provided under the CARES Act.
October 27 -
The agency announced changes to more than 60 tax provisions.
October 26 -
The agency finalized plans to stop the temporary procedures for Forms 1045 and 1139.
October 19 -
While the contributions aren’t deductible, distributions such as earnings are tax-free to the designated beneficiary if they’re used to pay for qualified disability expenses.
October 5 -
The final regulation includes guidance on the requirements needed for properties to qualify for the deduction.
September 22 -
“Americans are relying on Social Security more than ever during this pandemic,” House Ways and Means Social Security subcommittee chairman John B. Larson wrote.
September 9 -
Several significant changes are probably in store for next tax season.
August 24
