IRS Partners with Palantir for New Taxation Fraud Detection Tool

The IRS has collaborated with Palantir to develop SNAP, a new $1.8 million tool designed to enhance audit selection and investigations by analyzing existing data for potential tax discrepancies.

31 Mar, 12:17 — 31 Mar, 12:17

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Times of IndiaMostly Factual10d ago

America's biggest defence tech company Palantir to help IRS detect taxation fraud

The IRS has partnered with Palantir for a new tool, SNAP, to enhance audit selection and investigations. This $1.8 million contract aims to overcome the agency's outdated technology. SNAP analyzes existing data to identify potential tax discrepancies in areas like disaster relief and energy credits, marking a significant upgrade from older methods.

By TOI TECH DESK

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IRS Partners with Palantir for New Taxation Fraud Detection Tool

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America's biggest defence tech company Palantir to help IRS detect taxation fraud

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