Can an AI prep a partnership return on its own? Blake and David dig into Basis’s $100M unicorn claim, Intuit’s OpenAI/Anthropic tie-ups and Claude Cowork, and what it means for firms. They also cover how to capitalize on tariff refund lawsuits, the Senate’s push to regulate tax preparers, and the SEC weighing twice-a-year reporting—plus a quick warning about the fake “IRS locker” scam. You’ll learn where AI helps now, what to watch, and how to advise clients.

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• (00:00) - Welcome and Headlines

Show Notes

Supreme Court Strikes Down Trump's Sweeping Tariffs

https://www.nbcnews.com/politics/supreme-court/supreme-court-strikes-trumps-tariffs-major-blow-president-rcna244827

Trump's New Tariffs Under Section 122 Are Probably Also Illegal

https://edition.cnn.com/2026/03/01/business/trump-tariffs-supreme-court-section-122

1,800+ Companies Suing for $130 Billion in Tariff Refunds

https://www.entrepreneur.com/growing-a-business/1800-companies-are-suing-for-130b-in-tariff-refunds/503034

AI-for-Accounting Startup Basis Hits $1.15 Billion Valuation

https://www.bloomberg.com/news/articles/2026-02-24/ai-for-accounting-startup-basis-hits-1-15-billion-valuation

Intuit and Anthropic Partner to Bring Custom AI Agents to Consumers and Businesses

https://investors.intuit.com/news-events/press-releases/detail/1305/intuit-and-anthropic-partner-to-bring-trusted-financial-intelligence-and-custom-ai-agents-to-consumers-and-businesses

Intuit Q2 2026 Earnings Call Transcript

https://www.fool.com/earnings/call-transcripts/2026/02/26/intuit-intu-q2-2026-earnings-call-transcript/

IBM Shares Plunge as Anthropic Touts COBOL Modernization Efforts

https://www.cnbc.com/2026/02/23/ibm-is-the-latest-ai-casualty-shares-are-tanking-on-anthropic-cobol-threat.html

AI Won't Replace Accounting Platforms — It Will Make Them More Important

https://diginomica.com/ai-wont-replace-accounting-platforms-it-will-make-them-more-important

Audit Enforcement Plummeted Last Year

https://www.accountingtoday.com/news/audit-enforcement-plummeted-last-year

Senate Finance Committee Proposes to Regulate Tax Preparers, Improve IRS Administration

https://www.accountingtoday.com/news/senate-finance-committee-proposes-to-regulate-tax-preparers-improve-irs-administration

SEC to Fast-Track Proposal for Semi-Annual Public Company Reporting

https://www.cohenmilstein.com/sec-to-propose-rule-easing-financial-reporting-frequency-from-quarterly-to-semiannual/

Tax Nerd Bets Life Savings Against DOGE on Kalshi — and Wins

https://techcrunch.com/2026/02/25/an-accountant-won-a-big-jackpot-on-kalshi-by-betting-against-doge/

Should We Be Concerned That More Than Half of New CPA Licenses in Washington State Went to International Candidates?

https://www.goingconcern.com/should-we-be-concerned-that-more-than-half-of-new-cpa-licenses-issued-in-this-state-last-year-went-to-international-candidates/

IRS Failed to Equip New Hires in 2024

https://www.accountingtoday.com/news/irs-failed-to-equip-new-hires-in-2024

South Korean Crypto Exchange Bithumb Accidentally Gives Away $40+ Billion in Bitcoin

https://www.cnbc.com/2026/02/07/south-korean-crypto-firm-accidentally-sends-out-44-billion-in-bitcoin.html

Michigan Man Loses $1 Million in IRS Impersonation Scam

https://www.cpapracticeadvisor.com/2026/02/23/michigan-man-loses-1-million-in-irs-scam/178591/

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