AI Series - Considerations in Tax Preparation and Research (Course Id 2271)

• Who is this course for?
  This course is designed for anyone needing Continuing Professional Education (CPE), including CPAs and accounting professionals interested in AI applications in taxation.

• What is this course about or what problem does this course solve?
  The course explores how AI technologies can be applied in tax preparation and research, solving challenges related to data handling, research efficiency, and IRS compliance.

• How can the knowledge from this course be used?
  Learners can use the course knowledge to integrate AI tools into their tax practices, improve tax research with AI (including ChatGPT), and understand how to align their processes with IRS AI initiatives.

• Why is this course important to a CPA, Accountant, or IRS Enrolled Agent?
  It is important because it helps accounting professionals stay current with technological trends, particularly the use of AI in both private practice and governmental tax enforcement.

• When is this course relevant or timely?
  Released in 2024 and focusing on current AI technologies, this course is highly relevant now as AI adoption accelerates in accounting and tax regulation.

• How is a course like this consumed or used?
  The course is delivered via QAS self-study format, with no prerequisites or advance preparation required, and includes review questions and a final exam to earn 1.0 CPE credit.

This course provides an overview of the AI considerations with respect to tax preparation and tax research.  This includes a discussion of how AI technology can be used in tax preparation, including automated data collection and tax optimization strategies.  This course also addresses how AI can be used in tax research, including how CPAs can best leverage ChatGPT.  This course concludes with a discussion of how the IRS is also using AI technology in its enforcement efforts.

NASBA QAS - Text - NASBA Registry - 2271

Course Learning Objectives

• Recognize AI's role in tax preparation activities
• Identify how AI can assist CPAs in tax research
• Recognize how AI is being used by the IRS
• Identify how to write effective ChatGPT prompts when performing tax research

Chapter 1 - AI Series - Considerations in Tax Preparation and Research

Course Learning Objectives

Course Overview

Introduction

Tax Preparation

Tax Research

Review Questions

Generative AI

How the IRS is Using AI

Best Practices for Adopting AI Solutions

Conclusion

Review Questions

Glossary of Key Terms