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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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
