Do others that work in tax for high net worth individuals feel like we get all the boring compliance work and as much as the partners try to say we do consulting, we never do - that’s what the attorneys and wealth advisors get involved in?

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1040s are the lowest level of tax.

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*6765 fify

This is exactly why I got out of the hnw tax group. That being said most other tax groups are 90% compliance as well, and consulting work is very much the exception not the rule.

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I'm in a mid-size (top 20ish) so might be different from big4. Partnership side is very compliance heavy (a lot of k-1s to pump out). REITs have plenty of compliance too, but a lot of consulting/structuring involved.

Hnw is gonna be mostly compliance work for CPAs. You’d need to move to m&a ,ITS, or SALT consulting if you want to do consulting work

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This is literally the reason I didn’t go this route out of school

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Agree! That’s why I love my consulting focus currently but ultimately looking to exit to a more strategy/structuring role on the client side.

Not at my firm

Not yours

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