How Washington’s AI Summit Leaves Out the Little Guy
Senate Majority Leader Chuck Schumer hopes to kickstart federal AI legislation with a major DC conclave that prioritized the industry’s Goliaths
IRS plan to use AI may affect wealthy taxpayers. Here’s how
The IRS is launching plans with boosted technology and artificial intelligence to collect unpaid taxes from higher earners, partnerships and large corporations, which could transform tax compliance or spark challenges for the agency, experts say.
IRS use of AI in tax audits could be a game changer, but with pitfalls
The Internal Revenue Service plans to leverage artificial intelligence to identify patterns of noncompliance in large partnerships, while also ramping up its examinations of high-income taxpayers and big corporations.
IRS Uses AI to Chase Tax Cheats, Catch Up After Underfunded Era
Artificial intelligence at the IRS isn’t new, but the recent infusion of funding from the Democrats’ tax-and-climate law gives the agency more fuel to address compliance gaps.
Opinion: Now is the time for American farmers to harness the power of AI
Agriculture has always been a complicated business in a constant state of change. Those who recognize and embrace this reality will succeed while others will be left behind.
2024 filing season could be paperless, IRS says
Former IRS Commissioner Mark Everson compares the efforts of the IRS to go paperless to the interstate highway system of the 1960s, when he was a child.
CPA firms facing talent shortage hike starting salaries 14%
More than 300,000 accountants left the profession during the past two years either to start retirement, enter a new line of work or for other reasons, alliantTALENT said, citing Bureau of Labor Statistics data.
Less than 1% of accounting firms can find enough staff
The piece is currently living on the site’s homepage and the stats included show that CPA leaders are unable to find the accountants they need are turning toward
IRS starts paperless processing initiative
The Internal Revenue Service hopes to process all of the tax correspondence, notice responses and nontax forms it receives digitally in the next two years in an effort
IRS unveils ‘paperless processing initiative’ for taxpayers. Here’s what to expect
The IRS has unveiled plans to offer digital correspondence for the 2024 tax season, building on the agency’s decade-long overhaul of improved service, technology and compliance.