Posted 4/16/2024, 11:24:00 AM
New York Uses AI to Target Wealthy Remote Workers for Potential Tax Audits
- New York is using AI to identify wealthy remote workers who may owe more taxes, sending hundreds of thousands of letters
- Audits increased 56% in 2022 but number of auditors decreased 5% due to budget issues
- Focus is on millionaires who relocated from high-tax states like NY to low-tax ones like Florida
- Tax departments examining cellphone records to figure out where people spend most time and owe taxes
- Issue of incorrectly filing taxes in lower-tax regions is common for celebrities and millionaires globally, like Shakira's case in Spain