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 Internal Revenue Service is extending the transition period for revising claims for the research and development tax credit through Jan. 10, 2026.
By Michael CohnNovember 25 -
The Internal Revenue Service may be facing steep cuts in its budget with the win on Tuesday night of President-elect Donald Trump.
By Michael CohnNovember 6 -
The amount individuals can contribute to 401(k)s in 2025 has increased by $500 to $23,500, but the IRA limit remains $7,000.
By Michael CohnNovember 1 -
The Internal Revenue Service issued its annual inflation adjustments for tax year 2025, including changes in the standard deduction, marginal rates, tax credits and more.
By Michael CohnOctober 22 -
The Internal Revenue Service issued final regulations on consistent basis reporting between an estate and a person acquiring property from a decedent.
By Michael CohnSeptember 17 -
With football season now underway, the Internal Revenue Service's Criminal Investigation unit is urging taxpayers to play by the rules when it comes to sports betting.
By Michael CohnSeptember 6 -
The Internal Revenue Service is ramping up its scrutiny of large partnerships, leveraging increased funding under the Inflation Reduction Act of 2022.
By Michael CohnSeptember 3 -
As the presidential campaign heats up, a tax expert is weighing in with his thoughts about the child tax credit and other proposals.
By Michael CohnAugust 30 -
The IRS warned about bad advice that's being peddled on social media promoting a bogus "Self Employment Tax Credit" and prompting unsuspecting taxpayers to file false claims for the credit.
By Michael CohnJuly 15 -
The Internal Revenue Service has stepped up efforts to combat dubious tax advice promoting schemes involving the Fuel Tax Credit, the Sick and Family Leave Credit, and household employment taxes.
By Michael CohnJuly 8