Blue J answers questions about US Federal Tax and Canadian Income Tax depending on the database you have selected, and does not contain Excise Tax Act (CA) information yet.
A prompt is a specific input or query provided to a generative AI system to elicit a relevant response. It is a carefully crafted question or statement designed to guide the system in retrieving and generating the desired information.
There are 3 basic components of an effective prompt:
- Clarity: Clear and unambiguous language is critical.
- Context: Provide enough background information to guide the system to the correct documents.
- Specificity: Focus on precise aspects to get targeted information.
Here are a few prompts you can use in Ask Blue J to try it out:
- What are the rules for determining the allocation of consideration received in an applicable asset acquisition?
Blue J is conversational, so you can ask follow-up questions to get into more detail on your research, or ask Blue to format the output in a different way to expedite your drafting. For example, you can ask Blue J to go deeper:
- Provide more detail on the rules for allocation of consideration
- Is there any Tax Notes commentary on this?
- List cases that discuss the allocation of consideration
Or you can Blue J to get the format and output you want:
- Put this into a brief client email for a non-tax professional
- Write this in bullet points
We often see three different areas of question types:
- Research
- Get answers to specific tax questions
- Get explanations of tax concepts and rules
- Clarify rules given the context of a tax situation
- Drafting
- Turn research threads into client emails: “Draft this into a simple and short email to client”
- Re-format as bullet points: “Summarize into bullet points”
- Draft with less technical language: “Revise the answer using less technical language”
- Presentation Slide Layout
- Turn research threads into presentation outlines (slide by slide layout): “Turn this into a presentation”
Watch this quick video tutorial to see Blue J in action for more help.