The Latest

A Michigan man is finding himself the subject of an IRS audit because he listed income of $23 on his tax return because he had sold some vegetables from his garden to a passerby.

The American Accounting Association’s management accounting section honored Joel Demski, Ph.D., with the 2010 Lifetime Contribution Award for his work on applications of information economics and agency theory.

Vanacore, DeBenedictus, DiGovanni & Weddell, a two-office, 10-partner CPA and business advisory firm, has merged in Lesnick and Paradie, a Tarrytown, N.Y-based practice.

The unemployment rate fell four-tenths of a percentage point to 9.4 percent in December, as nonfarm payroll employment increased by 103,000.

The Securities and Exchange Commission has appointed James R. Doty as chairman of the Public Company Accounting Oversight Board, and Jay D. Hanson and Lewis H. Ferguson as members.

The Florida firms of Gregory, Sharer & Stuart, P.A., and Hevia Beagles & Company, P.A., have combined forces.

CIS Consulting Group has sold its 24-year-old practice to a variety of interests, including a software company it once represented.

Clifton Gunderson has expanded its presence in New Mexico, acquiring Albuquerque-based Meyners + Co., for an undisclosed sum.

Milwaukee-headquartered CPA and consulting firm Wipfli LLP has formalized its past work with medical device companies by adding a life sciences practice.

The Internal Revenue Service has been hearing a lot of concerns about its new requirements for tax preparers to electronically file tax returns.