Hacker News Reader

Comment by dominotw | Hacker News Reader

funny i was able to do all my taxes this year with ai help and not needing accountant.

Lol thats brave on your part, given that a mistake can cost thousands and you have no accountability (punch!) from an LLM

In the US, all you need to work in tax prep is a high school diploma and most individuals are not worth the cost of an audit.

I wouldn't say it's particularly brave, in fact LLMs are probably better at identifying mistakes than most tax payers. The % of Americans using a CPA to file taxes is fairly small.

you know i had a tax accountant that said i dont have to cap gains on iso exercise . i checked it with ai that gave me all the detailed info that i took back to accountant who then agreed that they made a mistake. Even if you dont feel comfortable using ai for taxes. you can atleast understand your situation better. And go to accountant for final 10percent. It is not really that hard.

If you go by percentage of Americans, well consider the percentage of Americans that are actually net taxpayers.

Your account has no accountability. Do your taxes wrong and the tax payer is liable.

Ask me how I know.

At least he has a reputational/commercial risk. LLM has none

Are you in the USA? Brave person if so.

That's fine if you have a relatively straightforward situation. If the situation is a bit more complex, with important decisions you should consider, it might still need some eyeballing and time. That is accounting.

I mean, I was able to do all my taxes this year with H&R Block and no AI and no accountant.

Reply on news.ycombinator.com