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The IRS Is Using AI to Target the Ultra-Wealthy for Tax Violations (gizmodo.com)

submitted 1 year ago by L4s@lemmy.world to c/technology@lemmy.world

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The IRS Is Using AI to Target the Ultra-Wealthy for Tax Violations::The agency is adding AI tools to identify taxpayers who make $1 million and up, and have more than $250,000 in tax evasion.

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[–] hedgehog@ttrpg.network 31 points 1 year ago

Did you read the article?

The agency clarified that AI will be used to initiate investigations into 75 of the largest U.S. partnerships that document assets that exceed $10 billion on average.

It will reportedly be used to target hedge funds, real estate investment partnerships, and law firms who may have skirted the rules, amounting to roughly 1,600 taxpayers in total who “owe hundreds of millions of dollars in taxes.”