AI Series – Considerations in Tax Preparation & Research
Author: Kelen Camehl
| CPE Credit: |
1 hour for CPAs
1 hour Federal Tax Related for EAs and OTRPs
1 hour Federal Tax Law for CTEC |
This course provides an overview of the AI considerations with respect to tax preparation and tax research. This includes a discussion of how AI technology can be used in tax preparation, including automated data collection and tax optimization strategies. This course also addresses how AI can be used in tax research, including how CPAs can best leverage ChatGPT. This course concludes with a discussion of how the IRS is also using AI technology in its enforcement efforts.
Publication Date: April 2024
Topics Covered
- Automated Data Collection
- Tax Optimization Strategies
- Traditional Tax Research & How AI Can Help
- AI Powered Tax Research Software
- Using ChatGPT for Tax Research
Learning Objectives
- Recognize AI's role in tax preparation activities
- Identify how AI can assist CPAs in tax research
- Recognize how AI is being used by the IRS
- Identify how to write effective ChatGPT prompts when performing tax research
Level
Basic
Instructional Method
Self-Study
NASBA Field of Study
Taxes (1 hour)
Program Prerequisites
None
Advance Preparation
None
