Enhanced AI Technology Used by State Tax Officials to Pursue Affluent Taxpayers

Monday, 15 April 2024, 12:00
State tax departments, including New York, are leveraging AI to detect potential tax evasion and enhance revenue collection. Advanced algorithms are being employed to identify individuals with altered tax residency or those working remotely affecting tax liabilities. This proactive measure by tax authorities aims to ensure compliance and close tax revenue gaps.
https://store.livarava.com/fba7d9e1-fb1f-11ee-a6be-63e1980711b2.jpg
Enhanced AI Technology Used by State Tax Officials to Pursue Affluent Taxpayers

State Tax Authorities Leverage AI for Enhanced Tax Enforcement

New York state and others are adopting artificial intelligence to streamline tax assessment on high-income individuals. These AI-generated letters particularly target tax adjustments resulting from remote work or changes in tax residency status. The initiative aims to optimize tax collection by focusing on potential non-compliance issues.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

Related posts

Newsletter

Get the most reliable and up-to-date financial news with our curated selections. Subscribe to our newsletter for convenient access and enhance your analytical work effortlessly.

Subscribe