Will More IRS Funding Boost Wealthy Client Audits?

Round Table Wealth Management Partner, Chief Compliance Officer, and Wealth Advisor Bruce Hyde was recently quoted in an article by U.S. News & World Report discussing the recently released ProPublica documents about high net worth individuals paying little income tax relative to their holdings. Bruce comments that while this report should not have a material effect on audits. it’s important to maintain quality documents and records as the burden of proof always falls on the taxpayer in the event of an audit.

Click here to read to the full article: https://money.usnews.com/financial-advisors/articles/will-irs-funding-proposals-result-in-more-audits-for-wealthy-clients

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By |2021-07-06T21:43:50+00:00July 1st, 2021|In the News|0 Comments

About the Author:

Bruce Hyde is a Partner, Chief Compliance Officer and Wealth Advisor at Round Table Wealth Management. Read Bruce's Biography >