TikTok & IRS Direct File Saved; Trump Issues Own Currency

Blake and David jump into the latest news, including the launch of Trump's own cryptocurrency and KPMG's expansion into legal services in Arizona, taking advantage of new rules allowing non-lawyers to own law firms. They also examine the Treasury Department's Chinese hack attack, South Carolina's $1.8 billion accounting error resolution, and Trump's proposed External Revenue Service.

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• (00:48) - Trump's TikTok Saga
• (03:35) - Live Stream and CPE Credits
• (04:48) - Trump's Cryptocurrency Launch
• (06:54) - Sage AI Data Leak Incident
• (12:27) - Relay Sponsorship and Banking Solutions
• (14:13) - Trump's Cryptocurrency Impact
• (28:06) - Direct File and IRS Developments
• (32:45) - KPMG Enters Legal Services
• (38:51) - Tax Bandits: Streamlining Your Tax Season
• (39:50) - Legal Document Automation with AI
• (41:04) - South Carolina's $1.8 Billion Accounting Error
• (45:56) - Trump's External Revenue Service Proposal
• (49:54) - Chinese Hackers Breach U.S. Treasury
• (56:51) - FDIC Sues Silicon Valley Bank Executives
• (01:04:39) - American Express Settles for $230 Million Over Bad Tax Advice
• (01:08:28) - Testing Google's Gemini Advanced for Tax Research
• (01:12:17) - Earn Free CPE Credits with Earmark
• (01:14:22) - Conclusion and Live Stream Announcement

Show Notes

TikTok restores US service after Trump says “we have to save it”

https://www.reuters.com/technology/tiktok-goes-dark-us-users-trump-says-save-tiktok-2025-01-19/

Donald and Melania Trump debuted meme coins, $Trump and $Melania. Here's what to know.

https://www.cbsnews.com/news/donald-trump-melania-meme-coin-cryptocurrency-what-to-know/

KPMG’s Bold Move: How Arizona’s ABS Rules Are Reshaping the U.S. Legal Landscape

https://lawleaders.com/kpmgs-bold-move-how-arizonas-abs-rules-are-reshaping-the-u-s-legal-landscape/

IRS Direct File set to expand availability in a dozen new states and cover wider range of tax situations for the 2025 tax filing season

https://www.irs.gov/newsroom/irs-direct-file-set-to-expand-availability-in-a-dozen-new-states-and-cover-wider-range-of-tax-situations-for-the-2025-tax-filing-season

Sage Copilot grounded briefly to fix AI misbehavior

https://www.theregister.com/2025/01/20/sage_copilot_data_issue/

FDIC sues 17 former Silicon Valley Bank executives over collapese
https://www.cnn.com/2025/01/16/business/fdic-sues-svb-executives-directors-intl-hnk/index.html

FDIC sues former SVB execs over bank closure

https://bankingjournal.aba.com/2025/01/fdic-sues-former-svb-execs-over-bank-closure/

SoftBank-Backed Fish Firm Allegedly Faked Most of Its Sales

https://finance.yahoo.com/news/softbank-backed-fish-startup-allegedly-141253969.html

American Express to pay $230 million to settle US charges over deceptive sales practices

https://www.reuters.com/business/finance/american-express-pay-1087-mln-settle-deceptive-marketing-allegations-justice-2025-01-16/

U.S. Sanctions Chinese Cybersecurity Firm Over Treasury Hack Tied to Salt Typhoon

https://thehackernews.com/2025/01/us-sanctions-chinese-cybersecurity-firm.html

SC auditor resigns after outside audit found $1.8 billion ‘surplus’ was actually an accounting error

https://www.wistv.com/2025/01/23/sc-auditor-resigns-after-outside-audit-found-18-billion-surplus-was-actually-an-accounting-error/

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