IRS Deploys AI to Catch Ultra-Wealthy Tax Cheats

The IRS is using AI to identify and audit wealthy taxpayers who use complex schemes to avoid taxes. It will focus on those with income over $1M.
The AI tools will help the IRS detect tax evasion, identify threats, and improve case selection. Audits for those under $400k will not increase.
AI will target the largest 75 US partnerships with over $10B in assets, about 1,600 taxpayers owing hundreds of millions in taxes.
IRS hired 90,000 additional staff to improve services and incorporate AI for targeting tax evasion. This came after the IRS received $80B in new funding.
The IRS claims the new AI tools will hold wealthy individuals accountable for taxes owed, focusing efforts on the ultra-wealthy while audit rates remain low for middle- and low-income filers.

gizmodo.com

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