H&R Block teams with IBM’s Watson to assist tax preparers

Kansas City-based H&R Block is rolling out a collaboration with IBM that will rely on computing power to help determine optimum credits and deductions on clients’ tax returns.

H&R Block and IBM fed the Watson computing system about 600 million tax return data points and “taught Watson the language of tax,” said Block spokesman Gene King.

The two companies said the collaboration is the first time that Watson’s artificial intelligence has been applied to tax preparation. It allows Block’s preparers direct access to more tax code knowledge and suggestions for deductions than one preparer alone might know about.

Consumers will be introduced to the new service, called H&R Block with Watson, on Sunday in a commercial planned to air during the Super Bowl.

Read more: Kansas City Business Journal, Kansas City Star

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