The Progressive Accountant

Deloitte to Pay $149.5M Over Lender Audit

DeloitteDeloitte & Touche has agreed to pay $149.5 million in its role auditing failed mortgage originator Taylor, Bean & Whitaker Mortgage Corp. TBW originated loans insured by the Federal Housing Administration. The government alleged the accounting firm knowingly deviated from applicable auditing standards.

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IRS: Delayed Returns to Arrive Soon

IRSRefunds for those claiming the Earned Income Tax Credit and the Additional Child Tax Credit should begin arriving soon. The Internal Revenue Service says many of these will be available in bank accounts or on debit cards this week.

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Intuit Shows Strong Growth in Quarter

Brad Smith, IntuitIntuit registered strong revenue growth for the second quarter ended January 31. The company lost $20 million for the most recently ended period, compared to net income of $13 million a year earlier. But since the second quarter does not reflect much of tax season, it is typically not one of the strongest periods for the year.

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