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·
    1 year 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.