IRS is interested in using synthetic data to test new IT systems

April 14, 2020
Digital Transformation More...
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The tax agency, which is often criticized for using decade-old systems, has issued a request for information (RFI) for an interactive prototype that simulates real-life events when populated with statistical data on U.S. household incomes and family sizes. The IRS plans to use the data to create, track, and generate output triggers for tax-related events and test its new IT systems. Synthetic data, which can be produced in large volumes and variations, reduces friction in gathering real-world data. However, various factors, including pre-bias, should be considered before using it for critical applications including training machine learning algorithms. Clients should wait to see how the IRS proceeds with its Synthetic Data Initiative pilot.

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