Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious OutperformanceFind Stocks Now

Robots Will Answer Your Tax Questions in IRS Wait-Time Call Fix

Published 06/17/2022, 01:00 PM
Updated 06/17/2022, 02:18 PM
© Bloomberg. Internal Revenue Service 1040 Individual income tax forms for 2021 arranged in Louisville, Kentucky, U.S., on Tuesday, April 12, 2022. Refund sizes in some cases have been up by nearly 25% compared with last year due to pandemic relief programs and rising wages.

(Bloomberg) -- The IRS is expanding its use of voice bots to help taxpayers quickly set up or modify payment plans without having to wait long periods on the phone.

“We continue to look for ways to better assist taxpayers, and that includes helping people avoid waiting on hold or having to make a second phone call to get what they need,” IRS Commissioner Chuck Rettig said in a statement Friday.

The Internal Revenue Service was only able to answer about 20% of the calls coming into the agency in the latest tax-filing season, Rettig told lawmakers earlier this year.

Pandemic-related stimulus payments and unemployment benefits made individual taxes more complex the past two years, spurring a wave of calls to the IRS. That in turn left the agency with record-low answer rates.

The IRS has been using voice bots since the start of the year to do some simple tasks, with over 3 million calls answered, said Darren Guillot, an official in the IRS’s small-business unit.

AI Technology

The technology is powered by artificial intelligence, with callers identifying themselves using a pin number. Human representatives can still be reached if needed.

Guillot told reporters Friday that the bots, which are available at all times, have saved about 17 to 20 minutes per call. He said there’s a 40% satisfaction rate with the bots used so far -- a rate consistent with private-sector experience. 

The IRS also plans to introduce voice bots in other languages besides English and Spanish, he said. Other moves, expected later this year, include voice bots providing callers their payment history, informing them of balances owed, and providing tax-return transcripts.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

“Taxpayers understandably become frustrated and demoralized when their good-faith efforts to reach the IRS are met with extended hold times and ‘courtesy disconnects,’” Erin Collins, the IRS taxpayer advocate, wrote in a blog post earlier this year.

Rettig has said he hopes to reach a 70% call-answer rate in the coming year.

©2022 Bloomberg L.P.

Latest comments

Proably get better answer then talking to some of the humans taking calls.
I'll expect more sympathy from THEM.
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.