The course provides a concise overview of how to utilize ChatGPT and other generative AI tools for tax law research and compliance. The lessons and strategies are applicable to practically any tax authority. These include the Canada Revenue Agency, the Internal Revenue Service, and the UK's HM Revenue & Customs. The content ranges from an introduction to ChatGPT and its capabilities to detailed strategies for employing ChatGPT in tax research, including the 'BEST WILD' framework for AI tax research strategy. It discusses how AI can assist in analyzing tax forms, crafting correspondence with tax authorities, and offers insights into the future of tax research with AI, integrating tools like Claude, Copilot, Gemini, Perplexity, Phind, and You.com. It introduces AI Personas and virtual tax assistants, highlighting their role in enhancing tax law research and providing a template for setting up a virtual tax assistant within ChatGPT. This guide serves as an essential resource for tax professionals seeking to leverage AI in their research, offering a blend of technical insights, practical tips, and a vision for the future of tax law research powered by AI.

Topics Covered:

  • Introduction to ChatGPT and Generative AI Tools: Overview of ChatGPT, its capabilities, and how it can be applied to tax law research and beyond.
  • General Privacy and Security Best Practices: Understanding how to use ChatGPT and other AI tools while ensuring the confidentiality and security of sensitive information.
  • Using AI for Tax Law Research: Strategies for employing ChatGPT and other generative AI tools to navigate and understand complex tax regulations and documentation.
  • AI Superpowers: Vision and Voice in Tax Research: Exploration of ChatGPT’s vision and voice features for analyzing tax forms, letters, and notifications from tax authorities.
  • Optimizing AI for Analyzing Tax Forms and Documents: Detailed methodologies for utilizing AI to dissect and understand various tax-related forms and official documents.
  • Crafting Correspondence with Tax Authorities using AI: Guidance on how AI can assist in drafting professional and compliant communications with tax authorities.
  • Role-Playing with Tax Personas for Professional Development: Introduction to the concept of tax persona role-playing using AI for training purposes, enhancing readiness for real-world interactions with tax authorities.
  • AI Personas and Virtual Tax Assistants: Insight into creating AI personas and setting up virtual tax assistants within ChatGPT to streamline tax research and client advisories.
  • The 'BEST WILD' AI Tax Research Strategy: A novel approach combining best practices, error avoidance, and innovative strategies for AI-enhanced tax law research.
  • Integrating Other Generative AI Research Tools in Tax Practice: Examination of additional AI tools like Claude, Copilot, Gemini, and their applications in tax law research and practice.

Who Will Benefit/Target Audience:
This course is designed for tax professionals, including CPAs, tax attorneys, enrolled agents, and tax consultants, who are seeking to leverage the cutting-edge capabilities of artificial intelligence, specifically ChatGPT and other generative AI tools, to enhance their tax law research, compliance, advisory services, and interactions with tax authorities. The presentation also offers valuable insights for professionals within tax consultancy firms, accounting departments, and those involved in legal tax practice, aiming to stay ahead in the rapidly evolving landscape of tax legislation and digital transformation.

Learning Objectives
  • Identify the capabilities and limitations of ChatGPT and other generative AI tools in the context of IRS tax law research.
  • Explore and explain how generative AI can enhance tax law research, particularly in analyzing complex tax regulations and documentation.
  • Identify and utilize ChatGPT’s vision and voice features to automate the extraction and analysis of data from tax-related documents, including forms and letters from tax authorities.
  • Discover and distinguish between various AI tools (such as Claude, Copilot, Gemini) in terms of their specific functionalities and optimal use cases in tax research.
  • Explore and critique the effectiveness of different strategies (including the 'BEST WILD' framework) for employing AI in tax law research, identifying strengths and areas for improvement.
  • Discover and design a virtual tax assistant using ChatGPT that incorporates tailored tax research strategies and complies with general privacy and security best practices.
  • Recognize and implement role-playing scenarios with tax personas to simulate interactions with tax authorities, using AI to enhance preparatory training.
  • Identify and summarize the importance of privacy and security best practices when using AI tools for tax law research to protect sensitive client information.
  • Identify and assess the implications of using AI for crafting correspondence with tax authorities, considering accuracy, professionalism, and compliance.
  • Discover and construct comprehensive communication strategies using AI, tailored for client messaging and interactions with tax authorities, including appeals, inquiries, and negotiations.
Last updated/reviewed: March 27, 2024
1 Review (3 ratings)

Reviews

5
Anonymous Author
Very relevant topic with examples! Instructor was engaging and used interactive methods rather than PowerPoint. One of the best courses I've taken recently where I've learned something new. After this course, I feel ready to immediately start experimenting with AI tools.

Prerequisites
Course Complexity: Foundational
A basic understanding of accounting principles and a familiarity with digital technology is recommended before enrolling in this course.
Education Provider Information
Company: Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact: For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Instructor for this course
Course Syllabus
INTRODUCTION AND OVERVIEW
  Introduction and Agenda8:22
  What is ChatGPT and General Privacy and Security Best Practices10:56
  GenAI Superpowers - ChatGPT and GPT Stores18:06
  ChatGPT Mobile Apps20:06
  GPT Voice Conversation14:13
  Other Alternatives to ChatGPT17:20
  AI Personas and Virtual Tax Assistants10:01
  AI Tax Research Strategy and Best Tips13:48
  Recap1:30
CONTINUOUS PLAY
  ChatGPT and IRS Taxation Law Research1:54:22
SUPPORTING MATERIAL
  Slides: ChatGPT and Taxation Law Research for AccountantsPDF
  ChatGPT and Taxation Law Research for Accountants GlossaryPDF
REVIEW AND TEST
  REVIEW QUESTIONSquiz
 FINAL EXAMexam