NASBA Enters the Chat on PE in Accounting & Intuit to Open Retail Stores

Nov 11, 2025

The discussion heats up around NASBA's exploration of private equity and its potential threats to auditor independence. Intuit plans to open TurboTax retail stores, stirring debate over the IRS's decision to end Direct File. The Supreme Court expresses skepticism about presidential tariff authority, while AI agents fall victim to scams in experimentation. Additionally, the scandal surrounding BDO's audits of First Brands reveals alarming financial oversights. Tune in to unpack these pressing issues impacting the accounting profession this tax season!

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ANECDOTE

Furloughed IRS Lawyer Sells Hot Dogs

Isaac Stein, an IRS lawyer furloughed by the shutdown, ran a hot dog cart in DC to make ends meet.
He used the permit tied to 1st & M and met many community members while vending daily.

INSIGHT

Intuit Stores And Direct File Shutdown

Intuit will open 20 TurboTax brick-and-mortar hybrid retail locations offering guided CPA/EA support.
The IRS is ending Direct File despite strong satisfaction and growing usage, influenced by private tax-prep lobbying.

INSIGHT

IRS CEO's Fiserv Divestiture Scrutinized

Frank Bissignano became IRS CEO after divesting Fiserv stock and sold shares before a major drop.
Democrats are probing whether he had advance knowledge that influenced his sales timing.

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