2 CPE. $119.00

Generative artificial intelligence (GAI) chatbot ChatGPT and its competitors have taken the country by storm. What is Generative AI? It is a computer program designed to generate answers to questions posed in human-like, conversational responses.

Generative AI (ChatGPT, Claude, Grok and competitors) is being utilized by young and old alike in federal tax practice as we speak. But, is it ready for prime time? Generative AI has its strengths, but also currently has notable weaknesses. Blink your eyes and it will change (and likely get a lot better very quickly). If tax practitioners do not jump on the GAI train now, they’re likely to get left at the station.

How many of the following questions can you confidently answer?

1.     Is the use of generative AI (GAI) helpful in tax practice?

2.     If helpful, in what contexts may it best be used?

3.     How can GAI save you time and make you money?

4.     What SKILL SETS capably aid you in your approach utilizing GAI?

5.     What are the practical limitations on its use? Can it be harmful?

6.     Does ChatGPT hallucinate?

7.     What are the legal, accounting and tax ethics rules applicable to the use of GAI?

8.     What must you know and do to prevent GAI from getting you into trouble?

This course answers the above questions through a series of case study GAI searches and second effort.

Learning Objectives

-    To learn the rapidly improving strengths and candid weaknesses of currently commercially available generative AI (GAI) such as ChatGPT

-    To learn the growing utility of inside-the-paywall AI such as BlueJay, BNA, CCH, RIA, etc.

-    To learn skill sets as to how to successfully utilize AI in tax research

-    To learn the legal, accounting and tax ethics rules applicable to the use of AI in tax research

NASBA Field of Study: Taxes (2 hours)

Level: Basic

Advance Preparation: None

Program Prerequisites: Basic understanding of taxation.

IRS CE Course #: IVYPC-U00003-25-0