Bloomberg Tax Insights & Commentary Features Q&A with K.C. Chiang on AI Adoption and the Future of Tax Practice

Olshan tax partner K.C. Chiang is featured in Bloomberg Tax Insights & Commentary‘s new feature Q&A series of prominent tax professionals. In kicking off the series, K.C. discusses how tax professionals must accelerate AI adoption while maintaining quality oversight and creating value-add applications for clients in an increasingly AI-augmented landscape. "The newest AI models exhibit markedly stronger analytical capabilities, and their ability to absorb intricate factual scenarios and produce cogent, well-reasoned output is advancing so rapidly that none of us can ignore AI any longer," K.C. explains. "We must anticipate this shift and invest in addressing the risks and opportunities." Among other Q&A’s, he also highlights a critical tax dispute gaining traction in US Tax Court: Point72 Asset Management LP v. Commissioner, which centers on who qualifies as a "limited partner" for self-employment tax purposes. The outcome could have far broader implications if the matter reaches the US Supreme Court, potentially reshaping how the IRS approaches substance-focused analyses in the post-Loper Light era.