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IRS will use artificial intelligence for tax audits

The IRS plans to incorporate AI technology to enhance tax audits. While there are concerns about privacy and the potential for increased scrutiny, the use of AI could also lead to more efficient audits and quicker resolutions for taxpayers. The IRS aims to use AI to identify patterns of fraud and non-compliance, which may help target resources more effectively. Ultimately, while there are mixed feelings about this approach, it could streamline processes and improve tax compliance overall. The IRS will significantly increase the number of tax audits with high earning taxpayers and corporations with more assets.

https://www.msn.com/en-us/money/taxes/the-irs-will-use-ai-to-do-more-tax-audits-it-s-not-all-bad/ar-AA1s8odJ