ChatGPT Finds $1.5B in Tax Refunds

Hello and welcome back to another thrilling day in accounting, as 32% can’t distinguish AI from humans and tax payers are missing out on $1.5 billion.

The IRS estimates almost $1.5 billion in refunds remain unclaimed because people haven't filed their 2019 tax returns yet.

This is a tremendous opportunity for tax pros as there are over 1.5 million Americans who have not filed yet.

Quite a bit has been left on the table as the average median refund for tax year 2019 was $893.

Under the law, taxpayers have three years to file and claim their tax refunds.

The deadline is July 17, 2023.

If they don't file by 7/17/23, the money becomes the property of the U.S. Treasury.

Ouch. 🤕

See my ChatGPT Prompt of the Day below to learn how to automatically turn an IRS notice like this into a revenue generating machine for your firm.

Let’s get to it. Here’s what’s on the menu today:

📰 News: 32% Can't Distinguish AI from Humans

⚡ 3 AI tools to supercharge your productivity

📷 Photo of the Day

🎨 ChatGPT Prompt of the Day: Automatically Turn an IRS Notice Into a Revenue Generating Machine

🗞️ News: 32% Can't Distinguish AI from Humans

Before you play the game “Human or Not,” I warn you in advance its addictive.

The company who runs it, AI21 Labs found that a whopping 32% of people can’t tell the difference between a human and an AI bot.

The game, which the company said is the largest-scale Turing Test to date, analyzed more than a million conversations and guesses.

These bots were clever and designed to deceive humans.

For example, players assumed bots don’t make typos, grammar mistakes or use slang, even though most models in the game were trained to make these types of mistakes and to use slang words.

The biggest shocker from this experiment is that most people were duped into believing the bots were human do to the fact that they assumed that “most things humans do online may be rude”.

🔥 3 AI Tools to Supercharge Your Productivity

• Merlin: ChatGPT extension to finish any task on any website in seconds (link)

• Vimcal: AI free time finder integration with Calendly (link)

• OpenChat: Run and create custom ChatGPT-like bots using your firm's data in less than 5 min (link)

📷 Photo of the Day

🖥️ Prompt of the Day: Automatically Turn an IRS Notice Into a Revenue Generating Machine

As mentioned in today’s intro, for taxpayers who did not file a 2019 tax return this is an opportunity for you to remind clients or prospects to take action before the July 17, 2023 deadline.

I created a ChatGPT prompt that will automatically find, read, analyze an IRS tax notice then automatically write an email to eligible clients at your firm most likely to benefit.

It really doesn’t get much easier than this to print money. 🤑

Be sure to customize for your own firm and grab the direct link below to have this done for you with the click of a button.

Here’s how step-by-step: