Just two of every 100 millionaires in America were audited by the Internal Revenue Service in 2020 as HNW audits are down 72% over the past decade.
Every silver lining, if you'll allow a reversal of the usual cliche, has a cloud. And professional tax preparers are feeling the rain.
A tax strategy that offers substantial advantages to affluent retirees is back as the QCD once again provides the equivalent of a free lunch.
Former SEC chairman warns that even if crypto currency isn't formally a "security" the regulators will still seek to crack down on new assets.