The agency is adding AI tools to identify taxpayers who make $1 million and up, and have more than $250,000 in tax evasion.

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.

  • expected_crayon@lemmy.worldEnglish
    18·
    10 months ago

    Decades of budget cuts by Congress have made it so they just don’t have the staff necessary to untangle the web of financial transactions that the ultra-wealthy use to hide their tax evasion. Using AI allows them to do so despite the perpetual budget cuts.