ChatGPT for Tax: A Quick Guide to Successful Tax Research
Author: Greg White
| CPE Credit: |
1 hour for CPAs
1 hour Federal Tax Related for EAs and OTRPs
1 hour Federal Tax Law for CTEC |
Per the IRS Education Provider Standards this course must be COMPLETED by 12/31/2026 to receive credits. NOTE: Go to My Professional Profile in your CCH CPELink account settings to ensure your name, and PTIN number; matches your PTIN card
ChatGPT has passed the Bar Exam and aced graduate-level tests at the best business school in the U.S. How can it help you? And what shortcomings do you need to know about.
Publication Date: June 2023
Topics Covered
- Using ChatGPT to enhance your tax practice.
- Client memos
- Planning ideas
- Platform hopping
- Add-on software
- Compensating for ChatGPT's shortcomings.
- Overconfidence
- Mistaken information and citations
Learning Objectives
- Recognize how to perform effective tax research in ChatGPT
- Recognize how to "platform hop" to increase research confidence
- Recognize how ChatGPT can take complicated documents and explain them in plain language
- Identify one tax research problem specific to tax treatises
- Identify roughly what percent of the time some experts estimate that ChatGPT makes stuff up
- Identify the method that can be used to overcome ChatGPT's data limitation
Level
Basic
Instructional Method
Self-Study
NASBA Field of Study
Taxes (1 hour)
Program Prerequisites
None
Advance Preparation
None
