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You might be surprised what qualifies as an unforeseen circumstance for the partial exclusion of gain on the sale of a personal residence. Under this special rule, taxpayers are allowed to exclude gain up to a reduced maximum exclusion amount under Section 121(c) if the sale is due to a change in place of employment, health, or unforeseen circumstances even though it was used for less than two of the five preceding years as the personal residence.

Two-thirds of investors would be concerned about any easing of Sarbanes-Oxley rules, according to a national survey by the Center for Audit Quality, released in conjunction with the five-year anniversary of the legislation.

Three academics from the U.K. who have written a book about auditing, and a Virginia professor who has developed a taxation education curriculum, will receive awards from Deloitte & Touche’s not-for-profit Deloitte Foundation.

MYOB released FirstEdge V.3, the latest version of its entry-level small business management and accounting software application for Mac OS X, with universal Mac support so it’s designed to run on both Intel-based and PowerPC-based Mac machines.

Accounting and finance workers are slightly more optimistic about their jobs and the overall economy, according to a quarterly survey commissioned by recruitment company Spherion and conducted by Harris Interactive.

Carol Stacey, former chief accountant of the Securities and Exchange Commission’s Division of Corporate Finance, has become vice president of The SEC Institute, an organization that holds conferences and workshops around the country to explain SEC and PCAOB rules and regulations.

As someone who has been “follicly challenged” since his early 20s, I’m not going to join those berating presidential candidate John Edwards for his lavish outlay of $400 for a haircut.

The Internal Revenue Service named Linda Stiff as the replacement for outgoing Acting Commissioner Kevin M. Brown.

Cougar Mountain Software released Version 12 of its CMS Professional Accounting, Fund and Point of Sale products.

Accounting firm Lovoy, Summerville & Shelton has acquired Granberry & Associates, allowing the firm to expand its client base beyond its home town of Birmingham to Granberry's turf in the Auburn-Opelika area of Alabama.