IBM, in collaboration with the EY organization, is revolutionizing the application of artificial intelligence in the changing tax compliance sector. The partnership, announced on May 1, 2025, brings together IBM (NYSE: IBM) and EY to leverage IBM's innovative technology and EY's extensive domain expertise. This initiative aims to transform tax compliance practices through the integration of cutting-edge AI solutions. The strategic alliance between the two companies is set to redefine industry standards and drive significant advancements in this domain.