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Robert Kovacev Quoted on Possible Impact of IRS AI in Bloomberg Law

Subtitle
"Four Hurdles for IRS to Implementing its $80 Billion Plan"

Bloomberg Law

Bloomberg Law quoted Robert Kovacev on the potential hurdles of implementing the Internal Revenue Service's (IRS) operating plan for the $80 billion funding from the Inflation Reduction Act (IRA). One key goal is a technology overhaul to move away from outdated, manual processes currently used. Software and application updates, IT infrastructure modernization, data analytics, a cloud network, and online taxpayer services are among the elements. IRS already is utilizing artificial intelligence (AI). Referring to concerns after a recent Stanford University study found that Black taxpayers are audited at higher rates than non-Black taxpayers, Kovacev comments on the need for the IRS to ensure it does not create or use algorithms that inadvertently target specific types of taxpayers. "A rogue IRS algorithm will destroy more lives than 87,000 revenue agents ever could," Kovacev said.