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 service issued its annual adjustments for retirement plans, with some reflecting changes in the SECURE 2.0 Act.
November 1 -
The service will need to tread carefully with how it uses artificial intelligence amid growing questions about the reliability of the technology.
September 11 -
The Internal Revenue Service is giving people until 2026 to comply with a new requirement for Roth catch-up contributions.
August 25 -
Tax experts testified during a hearing about the Employee Retention Credit and the issues they and their clients are facing.
July 28 -
The Internal Revenue Service has caught up on much of the pile of unprocessed tax returns, but it's still not back to normal.
May 15 -
Taxpayers who filed early this year and reported state tax refunds they received in 2022 as taxable income should consider filing an amended return.
April 11 -
The service's Criminal Investigation unit investigated 975 tax and money laundering cases related to COVID-19 with fraud totaling $3.2 billion.
March 23 -
Two-thirds of small-business owners would rather get a mullet or remove a nest of angry bees than do their taxes.
February 23 -
The service unveiled a long-awaited online portal where businesses will be able to file their 1099 information returns for free.
January 25 -
Tax pros who have begun working on their clients' returns are encountering a slight change in wording at the top of Form 1040.
January 24 -
A chief counsel memo says taxpayers who want to claim tax deductions for donating cryptocurrency need to first receive a "qualified appraisal" if the amount exceeds $5,000.
January 23 -
The Internal Revenue Service pledged to improve taxpayer service this year.
January 23 -
The new year brings a new tax season and the opportunity to advise clients on ways to save money on their taxes.
January 5 -
The Internal Revenue Service audited fewer taxpayers last year, according to a new report, although audits of millionaires ticked up slightly.
January 4 -
The Treasury Department announced a timeline for offering more information on some of the main tax provisions of the Inflation Reduction Act.
December 19 -
Tax experts are hypothesizing what will happen in Congress during the lame-duck session and over the next two years.
November 11 -
Four out of five executives believe there will be a recession in the next six months, according to a survey from PwC.
November 2 -
"ERC mills" are encouraging applications for the tax credit from businesses that may not qualify for the pandemic relief program.
October 24 -
Sheldon Whitehouse, D-Rhode Island, and Roger Wicker, R-Mississippi, introduced bipartisan legislation to put more responsibility on accountants and other financial professionals to safeguard against money laundering and other crimes.
October 3 -
Federal investigators are uncovering billions of dollars in fraud tied to pandemic relief programs.
September 21
