ENG22TD12. Tech Demo (T 1:15) - Automation & Public Accounting: How 1040 Tax Prep is Evolving Through Artificial Intelligence presented by SurePrep

To submit a question or participate in polling, click the link above. Artificial intelligence (AI) is transforming the tax and accounting industry at a rapid pace. This emerging technology reduces or eliminates the redundant, manual, transactional work required to prepare 1040 tax returns. In this session we'll explore: • How improved scanning technology is expanding the universe of documents that can be auto-recognized and auto-processed for tax preparation • How AI algorithms can check the correctness of values with precision that rivals or beats human verification • How AI initiatives can be cautiously adopted to embrace a “do no harm” philosophy to minimize disruption in the accounting process • How continuous feedback systems allow software to learn throughout the tax season to adapt to new forms, tax code changes, and taxpayer specific situations