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Using Tax Search Agent

LAST UPDATED: May 1, 2023​

Tax Search Agent​

The Tax "Search" Agent offers a straightforward search user interface. However, beneath this simplicity lies an AI-driven search functionality to find pertinent documents. It achieves this by employing both "Similar Words and Phrases Search" and "Semantic Meaning Search" methods. Unlike other search utilities such as Google, where a simple and short search query can yield the best results, this tool favors detailed and long search queries for producing the most accurate results.

Search

Search Example​

An example of detailed and long search query could look like this:

John owns an investment property in San Francisco. The original purchase price (his basis) was $500,000. The property's current market value is $1,000,000. John has been considering selling the property to invest in a more profitable market. However, he is concerned about the significant capital gains tax that he would owe from the sale.

John identifies a replacement property, a commercial building in Austin, Texas, within the stipulated 45-day identification window. The replacement property is valued at $1,200,000, ensuring that it is of equal or greater value and that it is held for investment purposes. 

Provide relevant documents for John to follow correct protocol for 1031 exchange.

The search will yield the following pertinent documents, ranked by a similarity score that ranges from 0 to 1.

Internal Revenue Code​

Internal Revenue Code section yields up to 5 pertinent documents.

SearchResultsIRC

Internal Revenue Regulations, Notices, and Treasury Decisions​

Internal Revenue Regulations, Notices, and Treasury Decisions section yields up to 5 pertinent documents.

SearchResultsIRB

Internal Revenue Instructions​

Internal Revenue Instructions section yields up to 5 pertinent documents.

SearchResultsInstructions

Internal Revenue Publications​

Internal Revenue Publications section yields up to 5 pertinent documents.

SearchResultsPublications

Future Enhancement (Coming in Search Plus)​

While both Similar Words and Phrases Search and Semantic Meaning Search provide pertinent documents for tax-related research and analysis, they may not always deliver perfect results. To address this, as a final step (included in our Search Plus), we harness the capabilities of OpenAI's GPT-4, the world's leading AI language model. This tool further refines the relevance of search results, eliminating irrelevant documents and re-ranking the similarity scores. Consequently, you receive a list of results arranged from the most pertinent to the least, enhancing the precision and efficiency of your tax research process.