Fayetteville, AR and Dallas, TX - Establishing a fresh benchmark in tax technology and automation, Zenwork’s Tax1099.com proudly announces the launch of Zenwork AI Tax Assist, a generative artificial intelligence designed to streamline tax reporting preparation and eFiling process for IRS forms series 10 and 9. This monumental move is set to redefine the tax filing experience, providing users with immediate access to IRS-sourced answers, 24/7 customer support, transactional functions, and much more. Leveraging Tax1099’s vast experience in the information reporting e-filing domain and incorporating the latest AI solution.

Sanjeev Singh, the Founder and CEO of Zenwork, Inc., emphasizes the importance of reliable and accurate information when businesses explore AI technologies for efficiency. He suggests that AI tools should be developed using trustworthy sources to ensure their reliability. Instead of relying on potentially flawed or unverified data from public forums and search results, Zenwork AI Tax Assist relies on relevant IRS publications and the Tax1099.com web application.

This approach allows businesses to access accurate answers promptly and complete their e-filing transactions seamlessly within an interactive AI-powered chat screen. Sanjeev Singh believes that this shift towards AI-SaaS (Artificial Intelligence Software as a Service) marks the decline of traditional SaaS (Software as a Service) solutions in favor of more advanced AI-driven options.

Zenwork has a long history of innovation, and this is another first in the industry that is designed to give customers a clear advantage to gain tremendous productivity and accuracy by leveraging Artificial Intelligence.

“Tax1099 stands proudly as a trailblazer in tax compliance, leading the way with its game changing AI integration. This innovation redefines the landscape by offering real-time IRS guidance, simplifying the filing process, and setting a new standard for effortless tax management. It’s a testament to our dedication to user-centric innovation.” - Said Naina Malviya, CPA, Head of AI initiatives at Zenwork.

Zenwork’s AI Tax Assist enables businesses to efficiently work through the tax preparation process by assisting with:

Tax Information: The Zenwork AI Tax Assist tool can provide information on tax forms, types of forms, forms to choose by payment types, etc.

1099 Preparation and eFiling: Zenwork AI Tax Assist can guide businesses through precise information to e-file their 1099 forms, answer tax regulations questions and source references listed along with answers, and prompt engineering-enabled relevant questions asked during the e-filing data collection and processing. It helps a filer with the step by step intuitive chat screen to enter payer and payee information, review prepared form in a draft mode and finally pay and efile to the IRS using same chat window without having the need to go back to the Tax1099 web application.

Trained in IRS publications: Delivers prompt responses to queries related to tax information, providing relevant and instant responses backed with tax terms and guidance on tax rules relevant to IRS information reporting. The assistance also extends to providing information on IRS publications and tax codes.

Secure Transactional Capabilities: Prioritizing user data security, Tax1099 ensures all transactions are secure and encrypted, delivering a worry-free tax filing experience. Users can seamlessly file Form 1099-NEC and 1099-MISC for up to 50 recipients directly through the chatbot, streamlining the tax filing process.

General Queries with Multi-channel Support: Addressing general support questions, including pre-filing and post-filing inquiries, customers can seamlessly transition between automated chat, live customer success representative requests, and voice calls with screen share-all within the same chat window.

Prioritizing Privacy and Security: All confidential and PII data is masked, adhering to the highest industry standards. Customer data is never utilized for training by the OpenAI platform or any third party, except for tax regulators like the IRS and states.

Schedule a Sales Meetings: Specifically designed for businesses with over 1000 filers, this functionality allows you to seamlessly manage and schedule appointments with the sales team directly through the chat window.

Facilitating over 500K business filings, reporting $413 billion in income to the IRS in 2022 TY, and handling 30M+ transactions, Tax1099 is the first company to launch fully automated AI Tax assistance along with the filing transaction capability using AI and prompt engineering. The platform simplifies compliance tracking, helping you save time on IRS notices, and enjoy top-tier data security with 256-bit encryption. For CPAs, the Bulk Upload feature reduces filing time, seamlessly populating client forms in one batch for streamlined e-filing.