IRS to use AI to crack down on ultra-rich taxpayers and partnerships.
The Internal Revenue Service plans to use artificial intelligence to crack down on tax schemes by wealthy individuals and corporation, the agency said Friday. The move is the latest in the agency’s reshuffling after an influx of tens of billions of dollars from the Inflation Reduction Act.
“For AI, it helps us with pattern recognition and trends we could not see before,” said Daniel Werfel, the IRS commissioner. “It’s helping us to figure out some of those who present the greatest risk of noncompliance, in other words, who are the large partnerships that are shielding income and where will we find it.”The decision to use AI is part of the agency’s new focus on combating sophisticated schemes used by the wealthiest of tax evaders, the statement noted.
“The effort … will center on adding more attention on wealthy, partnerships and other high earners that have seen sharp drops in audit rates for these taxpayer segments during the past decade,” theAccording to the announcement, the program will target individuals with reported incomes above $1 million who have more than $250,000 in recognized tax debt. The agency cites 1,600 taxpayers in this category, collectively owing hundreds of millions of dollars in taxes.
The IRS began experimenting with using artificial intelligence to help with general income tax accounting in 2021, it said. In June, it announced it would be usingJulie Weil contributed reporting to this story.
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