Democrats want to scale back a Joe Biden plan to limit the step-up in basis on inherited assets.
Taxes are emerging as a particularly contentious issue as lawmakers keep an eye on next year's midterm elections.
The city and other plaintiffs argue that the team's departure robbed them of millions in tax revenue.
Wyoming's Teton County, home to Jackson Hole, has the nation's highest per-capita income from assets.
L.A. is planning to put a vacant homes tax on the ballot for 2022, in the face of a mounting homelessness crisis.
Moving to an income-tax-free state may not always be worth it for wealthy clients, experts say.
Family offices are rapidly proliferating, driven by surging fortunes in technology and finance.
The move would repeal the break for carried interest, which allows private equity managers to pay lower tax rates on their earnings.
One of his firm's first investments, grill-maker Weber Inc., went public this week.
The bail amounts highlight a little understood part of the criminal justice system.
The owner of the exclusive condo defaulted on a $13.75 million mortgage.
U.S. authorities want information about wealthy Americans suspected of using a Panamanian law firm to evade taxes.
A bankruptcy plan floated for Purdue could shield members of the billionaire Sackler family from opioid lawsuits.
Life insurance strategies can lessen the impact if President Biden's tax hikes become reality.
The age of unfettered gains for China's ultra-rich now appears to be coming to an abrupt end.
The IRS stopped a program in 2017 that focused on auditing individuals earning at least $200,000.
Some of the wealthiest owners in professional sports often pay lower effective tax rates than the athletes.
Help your UHNW clients understand their options to facilitate a smooth transition of wealth.
Ballmer, who now owns the NBA's Los Angeles Clippers, has seen his wealth grow by $20.1 billion this year.
The fate of Biden's tax proposals is uncertain, so clients should not overreact, advisors say.