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Question
Why does the IRS want me to round so much? It is causing all these off by one errors
AI accountant’s answer:
The IRS requests taxpayers to round their figures to the nearest whole dollar to simplify the tax return process and reduce calculation errors. By eliminating cents from calculations, it's less likely that you'll make mistakes when adding, subtracting, or multiplying figures on your tax return. It might cause small discrepancies in some cases, but overall, the goal is to make the tax filing process more straightforward for both you and the IRS.
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Michael Eaton, CPA
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Keeper’s AI Accountant

This AI accountant is powered by GPT-4, but has up-to-date knowledge of tax law. It’s been trained on federal and state tax updates for 2023. With credentialed tax professionals fact-checking its responses, it applies IRS rules to real-world situations.

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