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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Taxpayers who filed early this year and reported state tax refunds they received in 2022 as taxable income should consider filing an amended return.
By Michael CohnApril 11 -
The service's Criminal Investigation unit investigated 975 tax and money laundering cases related to COVID-19 with fraud totaling $3.2 billion.
By Michael CohnMarch 23 -
Two-thirds of small-business owners would rather get a mullet or remove a nest of angry bees than do their taxes.
By Michael CohnFebruary 23 -
The service unveiled a long-awaited online portal where businesses will be able to file their 1099 information returns for free.
By Michael CohnJanuary 25 -
Tax pros who have begun working on their clients' returns are encountering a slight change in wording at the top of Form 1040.
By Michael CohnJanuary 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.
By Michael CohnJanuary 23 -
The Internal Revenue Service pledged to improve taxpayer service this year.
By Michael CohnJanuary 23 -
The new year brings a new tax season and the opportunity to advise clients on ways to save money on their taxes.
By Michael CohnJanuary 5 -
The Internal Revenue Service audited fewer taxpayers last year, according to a new report, although audits of millionaires ticked up slightly.
By Michael CohnJanuary 4 -
The Treasury Department announced a timeline for offering more information on some of the main tax provisions of the Inflation Reduction Act.
By Michael CohnDecember 19