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The Internal Revenue Service is turning to artificial intelligence to help select tax returns to audit and narrow the tax gap, but it needs to use this new technology consistently and transparently, according to a new government report.
The Internal Revenue Service is turning to artificial intelligence to help select tax returns to audit and narrow the tax gap, but it needs to use this new technology consistently and transparently, according to a new government report.
The latest IRS data shows that it had 1,057,000 unprocessed Forms 941-X as of December 9, 2023. Most of those forms are likely Employee Retention Credit refund claims.
The IRS will continue to crack down on top earners who haven’t paid taxes owed. Here’s how the agency is targeting higher-income audits.
The IRS will continue to crack down on top earners who haven’t paid taxes owed. Here’s how the agency is targeting higher-income audits.