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Enabling Equitable Access to Trustworthy Financial Reasoning

Created by
  • Haebom

Author

William Jurayj, Nils Holzenberger, Benjamin Van Durme

Outline

This paper proposes a system to automate the tax filing process, which requires complex reasoning and numerical calculations. Based on the fact that, according to the Internal Revenue Service, the average American spends $270 and 13 hours filing their taxes, this paper proposes a system to automate the tax filing process. Because existing large-scale language models (LLMs) have limitations in terms of accuracy and auditability, this paper presents an approach that integrates LLMs with symbolic solvers. Using the SARA dataset, we evaluate several variants of the system and propose a novel method for estimating the system's implementation costs based on penalties for real-world tax errors. Furthermore, we demonstrate how to improve performance and reduce costs by transforming plaintext rules into formal logic programs and intelligently searching for examples to formalize case representations. Ultimately, we demonstrate the potential and economic feasibility of leveraging a neural symbolic architecture to increase equitable access to reliable tax assistance.

Takeaways, Limitations

Takeaways:
We demonstrate that a novel approach integrating LLM and symbolic solvers can improve the accuracy and efficiency of automated tax reporting.
A novel method for estimating system implementation costs based on actual tax error penalties is presented.
Presenting the potential for performance improvement and cost reduction through formal logic program transformation and example search of plain text rules.
Presenting the possibility of improving fair access to reliable tax support.
Limitations:
Evaluation results using the SARA dataset may differ from the results of applying an actual tax reporting system.
Further verification of the accuracy of the system construction cost estimation method is needed.
Further research is needed on the applicability and generalizability to various types of tax and legal regulations.
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