IRS increases AI audits ($1.1 billion recovered so far) | 1441

Epic Real Estate Investing

Matt Theriault

Education, Business, Investing, How To

4.8 • 955 Ratings

🗓️ 12 March 2025

⏱️ 7 minutes

🔗️ Recording | iTunes | RSS

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Summary

A new report from the Treasury Inspector General reveals that the IRS has deployed 68 AI projects, 30 of which are already active, with a main focus on millionaire tax cases. The AI systems are now also targeting real estate investors, specifically those earning over $400,000 annually or with partnerships exceeding $10 million in assets. These systems detect discrepancies by cross-referencing tax returns with financial statements, identifying patterns, and focusing on partnership structures and rapid portfolio growth. The video highlights the importance of proper entity structuring, proactive documentation, and strategic tax planning to minimize audit risks. A guide for IRS Audit Defense is provided to help investors prepare and protect themselves from potential audits triggered by these AI systems. Alex's audit defense playbook: https://docs.google.com/document/d/1MTAdkD7IRcOtsMqeOaVAQXCWYiz1ZDhNuakgGZJw9Dc/edit?tab=t.0 Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is Terio Media.
0:04.0	Hey, strap in!
0:07.0	It's time for the epic real estate investing show.
0:10.0	We'll be your guides as we navigate the housing market, the landscape of creative financing strategies, and everything you need to swap that office chair for a beach chair.
0:19.0	If you're looking for some one-on-one help, meet us at rei-aise.com.
0:23.5	Let's go, let's go, let's go, let's go, let's go, let's go, let's go.
0:27.5	Let's go.
0:27.9	The Treasury Inspector General just released a bombshell report about the IRS's
0:32.7	artificial intelligence program.
0:34.6	As of February, last year, they've deployed 68 different AI projects.
0:39.4	Here, take a look at this breakdown. That's 30 that are already active, with 38 more in
0:44.5	development. While some reports suggest they've recovered as much as $1.1 billion, the official
0:49.5	number stands at $482 million from millionaire tax cases alone, and it's growing by the day.
0:55.5	Just look at how many new AI projects they launched in 2023 alone.
0:59.6	And here's what's concerning.
1:00.8	These aren't just targeting the ultra wealthy anymore.
1:03.4	If you're a real estate investor, you need to understand what's happening.
1:06.4	Because here's the concerning part.
1:08.1	Even the Treasury Inspector General admits the IRS can't maintain a
1:12.0	complete inventory of their AI initiatives. We don't even know the full scope of how they're using
1:17.4	this technology to monitor taxpayers. What we do know is this. These aren't just customer
1:22.1	service tools. They're sophisticated enforcement systems designed to catch things human auditors
	...

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