I tried asking an LLM (Opus!) a question about how a specific calculation worked on my taxes and it was incredibly wrong.
I had made a minor mistake last year, so I had to call the CRA anyways. Just as an aside I asked and they confirmed the LLM was very very wrong never do that.
Edit: I should add, Quebec CRA employees have 200% more chill than Ontario CRA employees.
Someone I know just entered protected status (12 months to retirement) after two years of their employer threatening to replace them with AI. Originally they thought about giving a fuck but are now just watching the clock. They’re a senior accountant that among other super powers has memorized massive sections of the US tax code. According them, when their employer switches over to AI, its is going to be an incomprehensible disaster while being equally hilarious to have a front row seat to watch as it plays.
I actually had Opus help me out but tbf it was a simple reconciliation between 3 or 4 data sources. Essentially, when I fired my ex I accidentally paid her too much but had accidentally corrected the books to the correct amount so it showed as if I’d overpaid on taxes. I had not. Taxes were correct on what was actually paid out.
I tried asking an LLM (Opus!) a question about how a specific calculation worked on my taxes and it was incredibly wrong.
I had made a minor mistake last year, so I had to call the CRA anyways. Just as an aside I asked and they confirmed the LLM was very very wrong never do that.
Edit: I should add, Quebec CRA employees have 200% more chill than Ontario CRA employees.
Someone I know just entered protected status (12 months to retirement) after two years of their employer threatening to replace them with AI. Originally they thought about giving a fuck but are now just watching the clock. They’re a senior accountant that among other super powers has memorized massive sections of the US tax code. According them, when their employer switches over to AI, its is going to be an incomprehensible disaster while being equally hilarious to have a front row seat to watch as it plays.
I actually had Opus help me out but tbf it was a simple reconciliation between 3 or 4 data sources. Essentially, when I fired my ex I accidentally paid her too much but had accidentally corrected the books to the correct amount so it showed as if I’d overpaid on taxes. I had not. Taxes were correct on what was actually paid out.
I found it helpful for consolidating my data — I had some really complex multi-brokerage stuff to consolidate, and that went well.
But it failed at calculating ACB correctly and it over-agreed on whether deductions were applicable or not.