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The IRS leak that backfired
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I share the 4-5 most important accounting that actually matter. I scroll so you don’t have to.
So grab your coffee, take a quick break, and lets catch up.
Today’s Ledger:
The Trump tax leaker got five years.
D.C. may finally make CPA math work.
Soccer broke a record. Football still won.
WTF of the Day🤯
The Trump tax leaker is staying in prison
Charles Littlejohn, the former IRS contractor who leaked Trump’s tax returns, just lost his shot at a shorter sentence. He is serving five years after admitting he stole private tax data from the IRS. His lawyers said the judge had already made up her mind and punished him too harshly. The appeals court said no. The sentence was fair.
Littlejohn gave Trump’s tax records to The New York Times before the 2020 election. He also leaked tax data on Elon Musk, Ken Griffin, and thousands of wealthy Americans to ProPublica. The court said the record showed he wanted to influence tax policy and voters. So the five years stays.
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What’s poppin in accounting🍿
D.C. is almost ready to loosen the CPA rules
D.C. just advanced a bill that would give future CPAs a third way into the profession. The new path would let candidates qualify with a bachelor’s degree, two years of work experience, and a passing CPA exam score. That matters because the old 150-credit rule often meant paying for a fifth year of school, and that extra cost has pushed people away from accounting.
The bill still needs Mayor Muriel Bowser’s review and then Congressional review before it becomes law. But it probably has momentum. Bowser backed the bill, and most states have already moved toward this same 120-credit plus extra experience model. The reason is simple. The CPA pipeline got too expensive, too slow, and too thin. Now D.C. is trying to make the front door wider before firms run out of people to bring in.
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Weekly Trend Chart 📊
World Cup Fever Still Has A Long Way To Go
The USMNT’s matchup against Belgium had everything a TV network could want. The team had topped its group, crushed Bosnia and Herzegovina in the round of 32, and picked up extra attention after the president got involved. Then the game happened, and Belgium beat the U.S. 4-1. Not exactly the Hollywood ending.
But the audience still showed up. Early estimates say about 40 million people watched across Fox and Telemundo, making it the most watched soccer telecast in U.S. history. Huge for soccer. Still not even close to the Super Bowl, which pulled more than three times as many viewers.
Meme of the Day😂
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