A West Virginia University accounting expert cautions against relying solely on AI tools like ChatGPT for tax guidance. While these tools can be a helpful starting point for tax inquiries, their accuracy must be verified with professional advice or established tax law sources. Lauren Cooper, an associate professor in the WVU John Chambers College of Business and Economics, emphasizes that AI may produce outdated or incorrect information, especially regarding complex tax scenarios or recent law changes. For example, AI’s responses about the One Big Beautiful Bill Act (OBBBA) can be misleading, potentially leading taxpayers to make poor financial decisions. Cooper underscores that users need to phrase questions carefully to improve the reliability of AI responses. Ultimately, while AI can assist in understanding tax issues, it should not replace professional guidance, as inaccuracies can result in costly tax errors. Always verify AI-generated information against credible tax sources.
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