Recent advancements in artificial intelligence have enabled businesses to activate large amounts of data to improve core operations and create new business functions. Tax practitioners are developing methods involving AI to streamline processes, increase efficiency, and provide additional value for their clients.
One method garnering substantial attention and capital investment involves using AI to analyze tax return information. This innovation raises important issues for taxpayers who want to keep their identity, finances, and other information private.
Barclay Taylor, Of Counsel in MMM’s Tax Controversy practice, outlines in Tax Notes. Read the full article below, or read here with a Tax Notes subscription.