High net worth

Audits of high-net-worth filers require more time and expertise, and the agency’s underfunding has led to a significant loss of personnel capable of performing those.

Ending tax-free wealth transfers through the longstanding step-up in basis loophole is among the proposals.

After months of talk of steep tax increases on the wealthy, a kinder reality has emerged for well-off clients.

Democrats, unable to gain traction on taxes that affect only the ultra wealthy, have turned to trusts as little as $200k.

The Senate Republican leader ridiculed a tax plan targeting the unrealized capital gains of the ultra wealthy as a “harebrained scheme.”

The progressive Democratic congresswoman Alexandria Ocasio-Cortez used the Met Gala to make a political statement by wearing a dress with the message splashed across the back.

Advisors share a tax trick that allows professionals to build seven-figure retirement plans.

The Internal Revenue Service ended a strategy for examining high-income taxpayers in 2017 and switched to another strategy that brought in far less tax revenue in the next few years.

Biden administration proposals could radically reshape how wealthy Americans are taxed.

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