By Ahmed Raza, Tax Preparer
You Will Not Loose Your Job To AI, You will Loose Your Job To Someone Who Uses AI – Jensen Huang, CEO, Nvidia
While interview with CNBC, Nividia CEO Jensen Huang pointed to the most common misunderstanding by people. We think that in present time, AI is taking jobs, however, it can’t take jobs for now as it is still in learning phase.
AS per my experience for 5 to 6 years being an accountant and tax preparer for USA and working with multiple companies, AI is not taking the jobs, it is just making the work easy and user friendly.
How it works?
Let’s get it through an exampleand experience. I work as a USA tax preparer and now, the tax filing for 2026 is about to begin. Many taxpayers try to upload their documents on AI applications like ChatGPT, Open AI or Grok and ask them to fill the forms like 1040, 1065, 1120, 1120-S. AI will definitely tell you to put exact amount from which document but, it won’t be able to tell you what to do if you don’t have the option to change the amount or, from where this amount came from, or what is the reference point of that amount.
Let’s suppose, you are filing individual income tax 1040 and you have K-1 from your S-Corp followed by 2 W-2 forms. You upload the files on ChatGPT and ask it to prepare 1040 for your income. When you reach to the detailed forms like 8852 or any other form, you might not be able to detect the reference points.
Few days back, I was filing for one of my client and got in the same situation. I was filing Form 1065 and wanted to accumulate total assets on the tax preparation and filing portal. The portal was not accumulating the total assets amount and was showing 0 which means that the K-1 will also show 0 if there won’t be any other income. I asked AI platforms and they all told me to enter it manually, surprisingly, there was no option for manual entry, it should have accumulate all the amount written above by itself. I asked another tax preparer who was more experience person. He reviewed my filing and just ticked one option which was not even flagged in software, suddenly, the amount popped up. This was not told by any AI, it was pure experience and learning.
Tax preparation field is the field where people always learn something new.
Main Factor of AI not taking Jobs in Tax Filing and Preparation field:
Let’s say a person put all the answers and got AI to fill all the required fields, however, even at that point, 2 things will come in his mind first. Trust and Reliability. Does he fully trust AI in financial matters? and the second thing, He should review it from a tax preparer or CAA or EA first.
The Verdict:
AI is just a tool which helps people and specially tax preparer to perform their task quickly and solve complicated queries. A smart and wise tax preparer will never put all the client’s document on AI platforms and ask it to fill the relevant forms. The one will only ask scenario base question to resolve the complicated issues by himself.
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