Episode 31: BOI Filing Updates, Tax App Turmoil, and IRS Controversy with DOGE

In Episode 31 of 'The Taxverse Podcast Experience,' hosts Zac Crites and Tanner Nickles explore the latest developments shaking up the tax and accounting world. We discuss the progress of BOI reports, with only 6.5 million out of 32 million filings submitted so far, highlighting potential challenges for businesses. Next, we dive into the stock fallout for Intuit and H&R Block as reports of DOGE interest in tax apps stir speculation. Lastly, we analyze recent IRS-related commentary from Elon Musk and Vivek Ramaswamy, exploring its implications for taxpayers and professionals alike.

 

Resources:

https://www.journalofaccountancy.com/news/2024/nov/boi-update-6-5-million-of-32-million-reports-filed-so-far.html

https://www.cpapracticeadvisor.com/2024/11/20/intuit-and-hr-block-stocks-fall-on-report-of-doge-interest-in-tax-app/113548/

https://www.washingtonpost.com/business/2024/11/19/taxes-irs-musk-ramaswamy/