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Advisors confident wealthy clients will avoid IRS crackdown

Most HNW individuals are compliant because they have quality advisors who know the law and how to follow it correctly, says one advisor.

Investment advisors expressed confidence their clients won’t be among those targeted by the IRS in an initiative that cracks down on wealthy tax cheats.

The IRS announced Friday that it would use funding from tax and climate legislation approved last year to increase scrutiny of high-income ear

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