Forbes explores the complex legal and regulatory issues surrounding the use of artificial intelligence to provide tax advice. The article highlights the significant risks involved, including the potential for inaccurate or incomplete advice that could lead to serious financial and legal consequences. It questions whether AI-generated tax advice could constitute the unauthorized practice of law or violate regulations governing tax professionals.

The analysis also addresses the crucial issue of liability when an AI system gives faulty tax advice: it remains unclear who would be held responsible—the user, the AI developer, or the platform hosting the tool. Forbes warns both developers and users to be aware of the current legal limits and potential pitfalls, suggesting that while AI can be a powerful tool for information retrieval, it cannot replace the certified judgment and accountability of a human tax professional.