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 Centers for Medicare and Medicaid Services internal controls did not effectively ensure the accuracy of nearly $2.8 billion in financial assistance payments to insurance companies under the Affordable Care Act during the first four months that the payments were made, according to a new government report.
By Michael CohnJune 17 -
The Internal Revenue Service did not receive much of the information it needed early this tax season from health insurance exchanges to verify taxpayers qualifications to claim tax credits to subsidize buying health coverage, according to a new report.
By Michael CohnJune 11 -
The head of a Senate investigative subcommittee said he plans to look into problems with the health insurance marketplaces set up for the Affordable Care Act that forced many taxpayers to owe some of the tax credit money they had received for buying health insurance.
By Michael CohnMay 14 -
The Internal Revenue Service needs to do better at ensuring that health insurance policy issuers and self-insured plan sponsors pay a fee required under the Affordable Care Act known as the Patient-Centered Outcomes Research fee, according to a new government report.
By Michael CohnApril 29 -
Two-thirds of tax filers among H&R Blocks client base who received health insurance coverage under the Affordable Care Act via the state or federal insurance marketplaces had to pay back an average of $729 of the Advance Premium Tax Credit, cutting their potential refund by nearly one-third.
By Michael CohnApril 28 -
Thomson Reuters has introduced a Checkpoint Learning Health Care Reform Certificate Program for tax and accounting professionals.
By Michael CohnApril 22 -
The Internal Revenue Service and the Treasury Department have issued guidance aimed at making it easier for taxpayers to be automatically enrolled in retirement plans such as 401(k) and 403(b) plans by their employers, simplifying the correction methods if errors are made.
By Michael CohnApril 6 -
The Advance Premium Tax Credit probably contributed to an expansion in health insurance coverage last year, but some taxpayers may still lack access to affordable health plans.
By Michael CohnMarch 24 -
The Internal Revenue Service will not try to collect additional taxes from those taxpayers who have already filed their taxes after receiving incorrect information from the federal health insurance marketplace, Healthcare.gov.
By Michael CohnFebruary 25 -
The Internal Revenue Service has issued guidance on the potential approaches it may take in the future on proposed regulations for the excise tax on high-cost employer-sponsored health coverage in the Affordable Care Act.
By Michael CohnFebruary 25