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The problem is that the text of US tax code isn't enough to know the correct action to take. The IRS has semi-formal policies based on how it has chosen to inte
by kevin_thibedeau 1y ago
The problem is that the text of US tax code isn't enough to know the correct action to take. The IRS has semi-formal policies based on how it has chosen to interpret the statutes. There are areas of gray that they don't clearly specify. Some of this is in supplementary publications but it still has subjective elements. One example is that settlements for "serious injuries" are regarded as non-taxable income. What constitutes serious is a squishy concept.
- cco 1y agoYeah you'd have to pull in a lot of case law and perform a lot of fine tuning on expert tax advice (you'd probably have to create this training data). Would be neat (and still legally fraught!).