The Monday Lowdown ⬇️

If you're new around here, every day I share the 4-5 best accounting insights I saw in the past 24 hours.

I scroll. so you don't have to.

💎 WTF of the Day

IRS Chief Counsel Out, DOGE Bro In

The IRS just swapped out its acting chief counsel, William Paul, for Andrew De Mello, a guy with ties to Elon’s crypto-friendly DOGE movement. Why? Paul reportedly butted heads with DOGE over sharing taxpayer data with other agencies—something the new crew wants to push forward.

DOGE is all about "efficiency," but critics say this could open the door for privacy risks and government overreach. Meanwhile, the IRS is already in chaos, slashing thousands of jobs while still trying to keep tax season running. Now, crypto regulation could get even messier. Buckle up.

Source: PBS

💎 What’s poppin in accounting

IRS Holding $1B in Unclaimed Refunds – Clock’s Ticking

The IRS is sitting on a billion-dollar pile of unclaimed 2021 tax refunds, and if taxpayers don’t act fast, they’re never getting that money back. The deadline to claim is April 15, and after that, Uncle Sam pockets the cash.

Most of these refunds belong to people who didn’t file in 2021, maybe they had low income, weren’t required to file, or just didn’t know they had money waiting for them. If that’s you (or someone you know), now’s the time to double-check before it’s too late.

Source: Fox Business

 📊 Weekly Trend Chart

Americans Are Breaking Up with Ice Cream

Turns out, America’s love affair with ice cream is melting fast. Unilever, the owner of Ben & Jerry’s, is looking to sell its ice cream division because people just aren’t scooping it up like they used to.

Some blame health trends, others say inflation is making that pint of Chunky Monkey feel like a luxury item. Either way, Unilever is ready to bail, even though ice cream still pulls in $8.7 billion a year. Maybe we all just need a hot summer and a breakup to fix this.

#😂 

happy monday 😂 

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