
AI in Tax Prep: Revolution or Risk? IRS, TurboTax, H&R Block Navigate New Terrain
AI is revolutionizing tax preparation, offering efficiency and accuracy. Yet, it faces challenges like bias and reliability concerns.
BALTIMORE, MD, May 15, 2025 – As automation and globalization continue reshaping the workforce, high-paying jobs in traditionally male-dominated sectors are shrinking while demand for roles in healthcare, education and other “feminine” industries surges. But despite strong salaries and job security, men remain reluctant to enter these fields. Why? Groundbreaking new research in the INFORMS journal Organization Science has the answer – and a solution.
BALTIMORE, MD, May 13, 2025 – Researchers who took a close look at loosened concealed carry laws between 2010 and 2017 have found that “Shall Issue” regulations, which remove local authority discretion on the issuance of concealed carry gun permits, contribute to a significant increase in handgun purchases. At the same time, the researchers found that in states that adopted “Permitless Carry” policies, there was no noticeable change in gun purchases.
With sweeping new tariffs on Chinese-made products set to take effect this summer, Americans are being urged to prepare for price hikes on everyday goods. President Donald Trump's reinstated trade policies are expected to affect a wide swath of consumer imports, including electronics, furniture, appliances, and baby gear. Retail experts are advising shoppers to act before the tariffs hit and prices rise.
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AI is revolutionizing tax preparation, offering efficiency and accuracy. Yet, it faces challenges like bias and reliability concerns.
Generative artificial intelligence – the use of computers to generate words, images, voice and videos indistinguishable from human-created content – is transforming every industry. Technology advances and new use cases appear daily with no slowdown in sight as gen AI is estimated to add $30 trillion annually to the world economy by 2030. Much of the impact is positive, including the ability to quickly synthesize massive quantities of data and text, freeing humans to spend their time on more creative tasks where we still excel. But there are also serious risks that must be mitigated.
Maryland mayor Brandon Scott (pictured below yesterday) said that the recovery operation to find the six missing workers in the Patapsco River was 'even more' dangerous today due to the weather.
The collapse of the Francis Scott Key Bridge in Baltimore on Tuesday cut off access to much of the city’s port — causing a suspension of vessel traffic that will disrupt a key trade lane and threaten to further tangle already-stressed supply chains.
OR/MS Today is the INFORMS member magazine that shares the latest research and best practices in operations research, analytics and the management sciences.
Access OR/MS Today MagazineAnalytics magazine showcases articles and research reports based on big data, AI, machine learning, data analytics and other new-age technologies.
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