Are You Feeling Disrupted?

[BobKamman]

Intuit released its quarterly report yesterday and its CEO commented,

““We are defining a new category at the intersection of AI and human intelligence, one that delivers autonomous, done-for-you experiences, disrupts the traditional assisted tax segment, and provides mid-market enterprises with the AI-native ERP platform they need to win.”

He’s talking about us, before moving on to the non-tax Intuit products that get more attention.

Intuit stock is trading around $400 a share, half its high of  $800 last July. Go buy some if you’re tired of winning. Part of the problem might be that the company has $3 billion in total cash and investments but $6 billion of debt.

[IRonMaN]

I'll leave the Intuit stock buying and selling to you and Jim. 

That was an impressive statement for the CEO, but I am going to have to sit here for a while to try and figure out what he said.

[BobKamman]

I thought when we were kids we were warned about autonomous, done-for-you experiences.

[lucrecia]

Im feeling major disruption at this point. I truly believe that AI will take this from all us.

[strongsilence]

Humans will be needed in tax preparation. Always.

Will Intuit's AI focus result in a higher-priced tax preparation product?

[IRonMaN]

"Humans will be needed in tax preparation. Always."

I'm not so sure about that, but I'm not going to lose a lot of sleep over it since I'm not planning on doing this until the year 2525.  Although I think I might try to make it that long just to see if form 5227 ever gets added by ProSeries. 😀

[strongsilence]

😂

[BobKamman]

Being needed, and being used, are two different questions.  

[strongsilence]

taxgpt promotes itself as the right call for instant answers. This is an email I received today:

Hire a CPA: The right call for complex situations, but they're not designed for quick, on-demand questions. You need an appointment, and their time is rightfully focused on your full return, not a 5-minute clarification.

Use tax software: Affordable and solid for filing, but it won't explain your situation to you. If something confuses you, you're on your own.

Google it: You get contradictory answers, outdated guidance, and no way to verify what's actually accurate.

The problem isn't that any of these options are bad. It's that none of them are built for instant, reliable answers when a question comes up in the moment. Until now.

 Meet TaxGPT: Tax Intelligence on Demand

TaxGPT is an AI tax tool trained on the Internal Revenue Code, Treasury Regulations, IRS guidance, state tax laws, and court rulings. When you ask a tax question, you get an instant, source-backed answer.

It's not replacing tax software or professionals. It's something better: a trusted resource you can ask whenever you need clarity.

[BobKamman]

TaxGPT is owned and operated by TaxGPT Inc., a private company founded in 2023 by Kashif Ali (CEO) and Isabella Maceda-Ali (CTO).

The company is headquartered in San Francisco and was created to help tax professionals and businesses automate tax research, client communication, and document collection.

Key Details About TaxGPT Ownership and Backing:
Founders: Husband-and-wife duo Kashif Ali and Isabella Maceda-Ali.
Funding: As of February 2025, TaxGPT has raised $4.6 million in seed funding.
Investors: The company is backed by several firms and angel investors, including Y Combinator, Rebel Fund, Mangusta Capital, Launch, and iSeed Ventures.
Background: The founders launched the company to solve their own complex tax issues after realizing how difficult it was to get quick, reliable tax answers.

[IRonMaN]

"and their time is rightfully focused on your full return, not a 5-minute clarification

I must have been sick the day that they explained that to us in college.  

"Google it: You get contradictory answers"

I tend to get a lot of wrong answers when Al answers my questions.  Google is still a better friend to me than Al is.