The Internal Revenue Service ("IRS") announced that as soon as it reopens its collection and examination functions on July 15, it will immediately begin the examination of hundreds of high-income individuals and private...more
7/13/2020
/ Closely Held Businesses ,
Estate Planning ,
Estate Tax ,
High Net-Worth ,
IRS ,
Partnerships ,
Private Foundations ,
Tax Audits ,
Tax Liability ,
Tax Planning ,
Trusts ,
Wealth Management
Prior to the passage of the Trump Administration's new tax bill, many had speculated on two key possible impacts for non-U.S. person private wealth bank and brokerage clients—the elimination of the estate tax exemption...more