Tax professionals leverage AI to boost efficiency, but a smaller, more automated IRS requires firms to implement stronger due diligence policies to avoid compliance risks.
Continue reading
IRS modernization with AI automation is changing how tax returns are reviewed and compliance managed, prompting small accounting firms to adapt their practices and client service models.
IRS releases draft guidance requiring tax firms to verify AI outputs and share cost savings with clients, establishing first regulatory framework for AI use in tax practice.
Electronic Tax Administration Advisory Committee recommends predictable multiyear IRS funding, expanded AI use with safeguards, and tax code simplification to ease practitioner and taxpayer burden.
UK's HMRC tax authority rolls out AI copilot to nearly 28,000 employees, signaling major automation shift in tax administration and potential implications for taxpayer interactions.
Tax professionals' AI adoption for research jumped to 60% weekly use in 2026, but the trend has a dark side: employees are using AI to fabricate expense receipts, a phenomenon called 'revenge spend...