Money Forward Launches Its First AI-Native Tax Filing Product for Users

Revolutionizing Tax Filing with AI

In a significant advancement for tax services, Money Forward has officially launched its first AI-native product, the "Money Forward AI Tax Filing" (beta version). This innovative service redefines the user experience by leveraging artificial intelligence to analyze necessary documents for tax filing and generate the required submission contents.

With the new AI-driven solution, users are only required to check their submission content and handle document submission, thus providing a seamless experience for tax filing. This revolution is especially beneficial for beginners or those lacking confidence in their accounting skills, significantly reducing both psychological stress and time spent on tax preparation.

Overview of the Money Forward AI Tax Filing Service

The "Money Forward AI Tax Filing" caters specifically to individuals seeking a simpler and more straightforward tax filing process. By effectively utilizing AI to analyze accumulated receipts, it prepares tax submission content on behalf of the user. This means that even those who are inexperienced or uncomfortable with accounting can confidently proceed with their preparations.

You can learn more about the service through the following link: Money Forward AI Tax Filing

Key Features:

1. First AI-Native Product: Unlike traditional cloud services that add AI functionality, this product was designed from the ground up with AI at its core, ensuring an optimal user experience tailored specifically for efficient tax filing.

2. AI-OCR and Generative AI: Users need only upload their receipts. The AI-OCR technology reads the documents, while generative AI automatically creates the necessary data for tax submissions. Users only need to verify the completed submission details and submit the documents to finalize the process.

3. Clear Reasoning by AI: Each transaction will be classified, for instance, as "entertainment expenses" or "transportation costs," providing the reasoning behind the AI's classifications. This feature allows users lacking confidence in their accounting knowledge to understand the logic and proceed with their tax preparations confidently.

Free Beta Trial

Currently, a portion of the AI Tax Filing service is available for free in a beta trial, including functions like receipt scanning and automatic tax content generation. Further developments will integrate more features like handling withholding tax forms and calculations for insurance and medical expenses, with future functionalities planned for launch.

Free Beta Trial Includes:

- Receipt scanning and automatic generation of tax content ("AI Assist Receipt Management")
- Verification of AI analysis results and reasoning
- Automatic calculations of revenues and net profits

Upcoming Features:

- Downloadable detailed files for tax submissions (scheduled for January 2026)
- Analysis and calculation integrations for withholding tax forms and medical expenses (patent pending)
- Smartphone capture and upload capabilities (patent pending)
- Mobile application access
- Submission and filing of tax forms
- Integration with banking and financial services

Note: The service is intended for exempt businesses with income and does not support real estate income, agriculture income, or consumption tax calculations. Users are encouraged to verify AI-generated outputs and consult professionals when necessary.

To find out more about the service, please visit:

- Service Site
- Support Page

Background of the Service Launch

The annual task of tax filing can be an overwhelming process for self-employed individuals and freelancers. Though the advent of specialized software has streamlined many aspects, numerous complex multi-functional accounting software options remain intimidating for those unfamiliar with accounting principles. This presents a clear challenge for beginners desiring a straightforward tax filing experience.

Money Forward has been dedicated to alleviating the burdens of tax tasks through its offerings, enabling self-employed individuals to focus on their core businesses. The new AI-powered service aims to simplify the tedious process of tax filing for novices and those without accounting knowledge, offering a dramatically easier way to handle submissions. Future users will have the flexibility to choose between two services – "Money Forward Cloud Tax Filing" and "Money Forward AI Tax Filing" – based on their particular accounting knowledge, business size, and life stage.

As progress continues beyond tax filing, the company is committed to utilizing AI to automate back-office operations, expanding its lineup of AI-native services in the near future.

For an in-depth exploration of the development background, please refer to this note.