Curated News
By: NewsRamp Editorial Staff
February 12, 2025
IRS to Boost Tax Enforcement in 2025 Using AI Technology
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- IRS utilizes AI to target high-income tax debts, enhancing enforcement and increasing audits on large partnerships.
- IRS expands enforcement using AI and IRA funding to recover $520 million from high-income individuals and partnerships.
- IRS's AI initiatives aim to ensure tax compliance, protect financial security, and increase efficiency in investigations and compliance efforts.
- IRS modernizes operations with 68 AI-related projects focusing on customer service, enforcement, and overall operations to improve taxpayer interactions.
Impact - Why it Matters
This news highlights the IRS's proactive approach to improving tax compliance and collection through AI technology. Taxpayers should be aware of the increased scrutiny and potential consequences of non-compliance, emphasizing the importance of staying informed and taking timely action to address any tax issues.
Summary
The IRS plans to increase tax enforcement efforts in 2025 with the help of AI, targeting individuals with unpaid taxes and unfiled returns. Through AI and additional funding, the IRS aims to enhance enforcement capabilities to collect outstanding tax debts and ensure compliance with reporting requirements.
Recent initiatives include the recovery of $520 million from high-income individuals and partnerships, as well as audits of major partnerships using AI-driven analytics. The agency's focus on high-penalty debts underscores the need for taxpayers to take proactive steps to safeguard their financial security.
Source Statement
This curated news summary relied on this press release disributed by Press Services. Read the source press release here, IRS to Boost Tax Enforcement in 2025 Using AI Technology
