Artificial intelligence (AI) is changing the way we live and work, and the tax profession is no exception. For years, there’s been talk about AI and how this disruptive technology will reshape the future. And in some respects, that future is here. Consider, for example, self-driving cars, facial recognition tools, and digital assistants like Alexa and Google Home. But do you know where AI is taking the tax industry? Do you have a clear understanding of what AI is and what it’s not? Do you know what AI is good at or where it may fall short? If you answered “no” to any of those questions you’re not alone.
To help tax professionals better understand AI, this white paper looks to help demystify this technology and take a closer look at its potential impact on the tax profession.