About Prompt
- Prompt Type – Dynamic
- Prompt Platform – ChatGPT, Grok, Deepseek, Gemini, Copilot, Midjourney, Meta AI and more
- Niche – Document Data Extraction
- Language – English
- Category – Tax Automation
- Prompt Title – AI Prompt for Automating Tax Filing by Extracting Data from Financial Documents
Prompt Details
This prompt is designed to be dynamic and adaptable across various AI platforms for automating tax filing by extracting key information from financial documents. It focuses on providing clear instructions and contextual information for improved accuracy and efficiency.
**Prompt Structure:**
“`
## Task: Automated Tax Data Extraction for Filing
**Objective:** Extract relevant tax information from the provided financial documents to pre-fill tax forms.
**Target Tax Form:** {Specify the tax form, e.g., 1040, Schedule C, etc.}
**Tax Year:** {Specify the tax year, e.g., 2023}
**Filing Status:** {Specify the filing status, e.g., Single, Married Filing Jointly, etc.}
**Document Type(s):** {Specify the type of document(s) provided, e.g., W-2, 1099-NEC, Bank Statements, etc.}
**Document Content:** {Provide the actual text content of the document(s) OR a link to the document(s) if the platform supports it. If providing a link, ensure the AI has access permissions.}
**Extraction Instructions:**
1. **Identify and Extract:** Extract the following information. For each piece of information, specify the format required (e.g., numeric, text, date). If a piece of information is not found, indicate “Not Found.” Be precise and avoid ambiguity.
* **{Field Name 1}:** {Description and Format, e.g., “Wages, salaries, tips (Form W-2, Box 1): Numeric”}
* **{Field Name 2}:** {Description and Format, e.g., “Federal income tax withheld (Form W-2, Box 2): Numeric”}
* … (List all required fields for the specified tax form)
2. **Contextual Validation:** Use contextual clues within the documents to validate extracted information. For example, cross-reference employer names and addresses across multiple documents. If discrepancies are found, flag them and provide details.
3. **Currency and Units:** Ensure all monetary values are extracted with their correct currency (e.g., USD, EUR) and units (e.g., dollars, cents).
4. **Date Format:** Use a consistent date format (e.g., YYYY-MM-DD).
5. **Output Format:** Return the extracted information in a structured format, such as JSON or a table. Ensure the output is clearly labeled with the corresponding field names. Example JSON format:
“`json
{
“Tax Form”: “1040”,
“Tax Year”: “2023”,
“Filing Status”: “Single”,
“Wages, salaries, tips”: “50000.00”,
“Federal income tax withheld”: “5000.00”,
// … other extracted fields
}
“`
**Error Handling:**
* If a document is unreadable or corrupted, clearly indicate “Document Processing Error” and provide details about the error.
* If a required field cannot be extracted due to missing information or ambiguous content, indicate “Not Found” for that field and provide a brief explanation.
**Optional Instructions (Platform-Specific):**
* {Include platform-specific instructions for improved performance. For example, specify OCR settings for image-based documents, or provide hints about table structures.}
**Example Usage (Illustrative):**
**Target Tax Form:** 1040
**Tax Year:** 2023
**Filing Status:** Single
**Document Type(s):** W-2
**Document Content:** {Paste the text content of the W-2 form here}
**Extraction Instructions:**
1. **Identify and Extract:**
* **Wages, salaries, tips:** Numeric
* **Federal income tax withheld:** Numeric
* **Social security wages:** Numeric
* **Social security tax withheld:** Numeric
This dynamic prompt template allows you to adapt the instructions based on the specific tax form, document types, and required information. By providing clear and concise instructions, contextual information, and specific formatting requirements, you can significantly improve the accuracy and reliability of automated tax data extraction. Remember to replace the placeholders with the appropriate values for each tax filing scenario.
“`