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 setting up a new unit to target the use of basis shifting between related parties as a way for partnerships to avoid paying taxes.
By Michael CohnJune 17 -
The Internal Revenue Service is turning to artificial intelligence to help select tax returns to audit and narrow the tax gap, but it needs to use this new technology consistently and transparently, according to a new government report.
By Michael CohnJune 5 -
The more frequently companies report their earnings, the less likely investors are to make knee-jerk investment decisions, according to recent research.
By Michael CohnMay 30 -
There's a new method of counting defined contribution retirement plan participants that can make a big difference for clients.
By Michael CohnMay 29 -
The Internal Revenue Service doesn't collect data on taxpayers' race or ethnicity, but some of its methods could lead to disparities in its audit rate.
By Michael CohnMay 23 -
The Internal Revenue Service cautioned consumers to beware of inaccurate advice which prompted thousands of taxpayers to file overblown claims and held up their refunds.
By Michael CohnMay 14 -
The Internal Revenue Service issued the annual inflation adjustments for health savings accounts in 2025 as prices continue to rise.
By Michael CohnMay 9 -
The Internal Revenue Service is looking at improvements in services and technology for both taxpayers and tax professionals.
By Michael CohnMay 2 -
The IRS and the Treasury released final regs on the tax credits, with specific rules for partnerships and S corporations.
By Michael CohnApril 25 -
The Internal Revenue Service is extending tax relief on required minimum distributions from inherited retirement accounts not made in 2024 after providing similar relief in recent years.
By Michael CohnApril 16