The Internal Revenue Service (“IRS”) has recently announced several achievements, including the development of a new program office, while also acknowledging difficulties in areas such as the processing of coronavirus disease (“COVID”)-era tax credits.
In an exciting development for sustainable energy solutions, a new factory in Taylor, Texas, is set to boost the U.S. capacity for repurposing old electric vehicle (EV) batteries into long-term energy storage systems.
Whether we like it or not, there is incredible pressure on businesses to adopt AI. That pressure is only increasing as AI spending is expected to grow by nearly 30% over the next four years.
IRS spending on artificial intelligence rose by over 700% in the last half-decade as it hones the use of machine learning to identify tax cheats and improve taxpayer communication, according to Bloomberg Government contracting data.