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flag AI tax firms gain popularity but warn taxpayers of potential IRS issues and fraud risks.

flag AI "pop-up" tax firms are gaining popularity for their promise of faster and cheaper services for filing tax credits. flag However, these firms lack the necessary professional tax and legal expertise, potentially leading to IRS audits, fines, and fraud accusations. flag The IRS warns against relying on AI for complex tax questions, as AI software cannot replace human judgment in tax compliance. flag Relying on these firms to secure R&D tax credits could result in the IRS denying submissions, causing financial losses and potential legal issues.

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