Thank you or your overview! I find your perspective much more useful than the IRS Guidelines on Responsible AI Use. Particularly that every tax practitioner needs to be able to recognize bias information and whether the results are suitable for the tax matter. I believe that this is an opportunity to increase fees to cover research and due diligence. Thanks again!
Thanks, Tom. I have used AI a few times this year to start my research but I also back it up with the IRS.gov website verification. I believe this satisfies the Circular 230 "due diligence" requirement. I also inform any client I am furnishing this info to that is my procedure. Am I correct?
IRS.gov verification includes my looking at any Revenue Rulings and Regulations as well as court cases if needed. Also, I look at the differences in State treatment of the matter. Guess I have been using AI as a start to my research. I'm going to look at your new subscription regarding the use of AI in research. Like your presentations very much.
Oh ok. Many of those sources aren’t located on the IRS website, hence my confusion. The new tool allows you to read the authorities directly from the tool.
Thank you or your overview! I find your perspective much more useful than the IRS Guidelines on Responsible AI Use. Particularly that every tax practitioner needs to be able to recognize bias information and whether the results are suitable for the tax matter. I believe that this is an opportunity to increase fees to cover research and due diligence. Thanks again!
Thanks, Tom. I have used AI a few times this year to start my research but I also back it up with the IRS.gov website verification. I believe this satisfies the Circular 230 "due diligence" requirement. I also inform any client I am furnishing this info to that is my procedure. Am I correct?
The IRS website is not authority for positions on tax returns.
IRS.gov verification includes my looking at any Revenue Rulings and Regulations as well as court cases if needed. Also, I look at the differences in State treatment of the matter. Guess I have been using AI as a start to my research. I'm going to look at your new subscription regarding the use of AI in research. Like your presentations very much.
Oh ok. Many of those sources aren’t located on the IRS website, hence my confusion. The new tool allows you to read the authorities directly from the tool.