American Families Plan Steps Up IRS Focus On High-Net-Worth Individuals

On May 20, 2021, the Department of the Treasury released the American Families Plan tax compliance agenda, detailing the tax compliance initiatives in President Biden’s American Families Plan. The tax compliance agenda is primarily concerned with narrowing the “tax gap” – the approximately $600 billion annual difference between taxes owed and taxes actually paid......
By: Husch Blackwell LLP

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