Tax

While the IRS levies a 40% estate and gift tax on the biggest fortunes, some of the wealthiest clients may consider the grantor retained annuity trust, or GRAT, to pass money to children and grandchildren tax-free.
By Ben Steverman
March 9, 2020 12:35 PM

The richer they are, the more options clients have to insulate themselves from the coronavirus and its effects.

3 Min Read
Five litre bottles of 70% hand sanitizing gels sit on the production line at Cleenol Group Ltd.'s factory in Banbury, U.K., on Friday, March 6, 2020. The stockpiling crisis that has hit supermarkets across Asia has spread to Europe as consumers start hoarding groceries and hygiene products amid fears of a coronavirus pandemic. Photographer: Chris Ratcliffe/Bloomberg
Jeff Stimpson
March 6, 2020 2:24 PM

With new technology, new workflows, and plenty of hand sanitizer, preparers are ready for the disease.

5 Min Read
Broadway near the New York Stock Exchange
By Ben Steverman
March 6, 2020 11:56 AM

The super-wealthy can deploy sophisticated strategies to pass on billions of dollars to their descendants tax-free.

4 Min Read
Tax forms
Michael Cohn
April 8, 2019 5:41 PM

As Tax Day approaches, accountants are finally getting to the end of a season made particularly grueling by the Tax Cuts and Jobs Act.

6 Min Read