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Basis
OVERVIEW:
Basis is a specialized AI assistant built specifically for tax professionals to streamline research, technical memo drafting, and client communication. It acts as a “junior tax associate” that has memorized the tax code and can cite specific regulations in seconds.
TOP FEATURES:
• Tax Code Querying: Ask complex questions about nexus, depreciation, or credits and get answers cited directly from the IRS code.
• Automated Memo Generation: Turns a few bullet points of facts into a professional, formal tax memo for your files or your clients.
• Document Summarization: Instantly digests 50-page tax transcripts or legal documents to highlight the most relevant figures for a return.
THE TRADE-OFF:
This is a professional-grade research tool; it does not replace tax preparation software like Drake or Lacerte, but rather sits alongside it.
PRICING:
Monthly professional subscription; typically priced for individual CPA or EA use.
THE VERDICT:
An essential productivity multiplier for tax experts who spend too much time digging through RIA Checkpoint or CCH for answers.
