Premium Tax Practice News IRS IRS Updates Tax Updates Tax and AI

The IRS’ New Use of AI

Jun 20, 2024 12:00:00 PM

The Internal Revenue Service (IRS) is turning to artificial intelligence (AI) to help select tax returns for audits, aiming to narrow the tax gap. A recent Government Accountability Office (GAO) report emphasizes the need for consistent and transparent use of this technology. The IRS is piloting AI models to improve the efficiency and selection of audit cases for its National Research Program (NRP). However, the agency has not fully documented key components and technical specifications of these models, which the GAO recommends addressing to ensure clear communication and assessment.

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Christine Gervais

Christine Gervais is a licensed CPA, using her skills to help businesses grow and achieve their fullest potential. Christine has a Master’s degree in accounting from Southern New Hampshire University in addition to holding her CPA license for over a decade. Notably, Christine is a nationally recognized speaker providing education to other CPAs on how to best serve clients as well as instruction on a wide variety of topics for business owners on how to maximize success. Christine prides herself on the value she can bring to clients with her extensive tax knowledge and provides strategic, forward-thinking financial strategies to help clients grow. When not behind her desk, you can find Christine spending quality time with her daughter and stepson or tending to the family’s excessively loved farm animals.

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Topics from this blog: Premium Tax Practice News IRS IRS Updates Tax Updates Tax and AI