Michael Cohn

CPAs and enrolled agents who added planning services generated an average of $1.7 million in incremental revenue over five years, a survey shows.

LifeYield makes it proprietary Taxficient Score available to individual advisors.

The agency has reprogrammed its systems to process three benefits most likely to be claimed on returns this season.

The 110-year-old wealth management firm intends to expand its tax-planning services through more acquisitions.

What some clients tried to claim on their tax returns shows they often don't know much about accounting.

Contributions and grants have recently reached record highs.

Taxpayers face a penalty known as an individual shared responsibility payment if they do not comply, IRS says.

The Internal Revenue Service granted additional relief to victims of Hurricane Harvey on Wednesday by making it easier for 401(k)s and other employer-sponsored retirement plans to give loans and hardship distributions to aid victims.

It is a sensitive topic, especially for partners who have earned their appellation on the letterhead.

Eligible taxpayers can now qualify for a waiver of the 60-day time limit and avoid possible taxes and penalties on early distributions, if they meet certain requirements.

A recent agency memorandum cited several legal cases to back up its opinion.

The Social Security Administration confirmed Thursday there will not be a cost of living increase for 2016 due to declines in consumer prices.

Nearly half of Americans are saving no more than 5% of their incomes, while 18% are saving nothing at all, according to a new report.

President Obama's 2016 budget tax proposals would raise taxes on the wealthy and multinational corporations stashing profits offshore, while promising middle-class tax cuts.

The American Institute of CPAs has written to some of the top tax lawmakers in Congress asking them to grant relief to taxpayers in appropriate situations when they miss a statutory deadline or make an error in choosing an election.

A hearing last week dealt with one case that could have far-reaching implications -- challenging Maryland's authority to tax all income of a resident whose business pays taxes to other states -- while another case coming up on the Affordable Care Act promises to have even bigger ramifications.

The scheduled depletion date for Social Security’s Disability Insurance Trust Fund is only two years away, in late 2016, according to a new government report.

The IRS said it would regard 2014 and 2015 as a transition period for purposes of IRS enforcement and administration of FATCA for banks that have made a good-faith effort to comply.

The Internal Revenue Service has published 2010 statistics on foreign trusts indicating an increasing interest in foreign investment by U.S. taxpayers, and the impact of changes made in 1996 to information reporting requirements.

A group representing charitable organizations said it is concerned about a proposed cap to the charitable tax deduction included in President Obama's budget plan.