About this episode
Sponsors Liscio: https://www.cloudaccountingpodcast.promo/liscio LedgerGurus: https://www.cloudaccountingpodcast.promo/ledgergurus Canopy: https://www.cloudaccountingpodcast.promo/canopy Need CPE? Subscribe to the Earmark Accounting Podcast: https://podcast.earmarkcpe.com Get CPE for listening to podcasts with Earmark CPE: https://earmarkcpe Show Notes 1:06 – David Picture with Luca https://twitter.com/davidleary/status/1546767184541761536/photo/1 8:30 – Celsius Owes $4.7 Billion to Users But Lacks the Money to Pay https://gizmodo.com/celsius-bankrupt-billion-money-crypto-bitcoin-price-cel-1849181797 Crypto Lender Celsius Files for Chapter 11 Bankruptcy https://www.pymnts.com/cryptocurrency/2022/crypto-lender-celsius-files-for-chapter-11-bankruptcy/ 13:21 – Where in the world are the Three Arrows Capital founders? | Fortune https://fortune.com/2022/07/13/three-arrows-capital-crypto-su-zhu-kyle-davies-location-dubai/ EU officials agreed on rules that would regulate the crypto market in the bloc, forcing platforms to seek authorization to operate and providing safeguards to users https://www.wsj.com/articles/eu-sets-first-rules-to-regulate-cryptocurrencies-11656682089 18:01 – CFTC charges bitcoin firm for operating $1.7 billion crypto scam - Business Insider https://stocks.apple.com/A6yX2Uny3TUeN1vZkMLF00Q 20:43 – Fintech execs convicted in US after $160 million sent to Nigeria https://bankautomationnews.com/allposts/risk-security/fintech-execs-convicted-in-us-after-160-million-sent-to-nigeria/ Report Alleges Wirecard Forged Client Data to Obtain €900M SoftBank Investment https://www.pymnts.com/news/security-and-risk/2022/report-alleges-wirecard-forged-client-data-to-obtain-e900m-softbank-investment/ 23:57 – Bad lesson: Accounting professor at Drexel University charged with allegedly using creative bookkeeping to evade millions in taxes – MarketWatch https://www.marketwatch.com/story/bad-lesson-accounting-professor-at-drexel-university-charged-with-allegedly-using-creative-bookkeeping-to-evade-millions-in-taxes-11652389459 27:37 – CPA Firms That Referred Clients to Alliantgroup Have Been Subpoenaed, Asked to Turn Over 11 Years of Client Data https://www.goingconcern.com/alliantgroup-federal-grand-jury-subpoena/ Leann on Twitter: "I’m hearing that the IRS Criminal Investigation raid on alliantgroup allegedly has to do with the 179D racketeering lawsuits filed years ago. Pending confirmation. /14 https://t.co/wTqKwk9JSa " https://twitter.com/LAFinTexas/status/1527709177036021763 Alliantgroup LP v The University Of Texas System And The University Of Houston System – Global Legal Chronicle https://globallegalchronicle.com/alliantgroup-lp-v-the-university-of-texas-system-and-the-university-of-houston-system/ alliantgroup Comments from Women | InHerSight https://www.inhersight.com/company/alliantgroup/comments Strategic Advisory Board | alliantgroup https://www.alliantgroup.com/strategic-advisory-board/ DOJ suing Lane Grigsby and wife over ‘erroneous’ $750,000 tax refund https://www.1012industryreport.com/legal/doj-suing-lane-grigsby-and-wife-over-erroneous-750000-tax-refund/ Bloomberg blows the whistle on the IRS https://archives.cjr.org/the_audit/bloomberg_blows_the_whistle_on.php 36:57 – Neal: Odds of selecting Comey and McCabe for audits were like winning the lottery | The Hill https://thehill.com/policy/finance/3560143-neal-odds-of-selecting-comey-and-mccabe-for-audits-were-like-winning-the-lottery/ IRS audited former FBI directors Comey and McCabe https://www.accountingtoday.com/news/irs-audited-former-fbi-directors-comey-and-mccabe 41:01 – Senator Warren Leads 22 Colleagues in Introducing the Tax Filing Simplification Act of 2022 https://www.warren.senate.gov/newsroom/press-releases/senator-warren-leads-22-colleagues-in-introducing-the-tax-filing-simplification-act-of-2022 Americans spend 13 hours and $240 on average to file their taxes—while corporations like @Intuit rake in billions. That’s outrageous. Today I;m leading 22 colleagues on legislation to make filing taxes free and easy for taxpayers. The IRS itself can and should adopt my plan; Elizabeth Warren (@SenWarren) July 13, 2022 https://twitter.com/SenWarren/status/1547260220551806976 45:10 – AICPA recommends additional IRS backlog measures - Journal of Accountancy https://www.journalofaccountancy.com/news/2022/jul/aicpa-recommends-additional-irs-backlog-measures.html 49:43 – Obviously most CPAs are against the 15...