The US Department of the Treasury has recently reinforced the progress on enforcement, specifically how the IRS is focused on tax evasion targeting and the targeting of high-income individuals and entities. The IRS has deployed Artificial Intelligence (AI) and state-of-the-art computer systems to review the often-complex returns of large corporations, foreign-owned corporations and partnership self-employment tax.
In addition,
The Large Corporate Compliance program (LCC) applies data analytics identify audit targets often possessing assets of $25 billion or more and/or a taxable income of more than $500 million annually. The program has deployed AI resulting in the start of more than 60 audits involving substantial assets and income, substantial transactions and international monetary activity.
