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SAN FRANCISCO - Californer -- Rachel Farris, CPA, a nationally recognized tax strategist and founder of Tax Stack AI and Rachel Farris, CPA, P.C., was recently featured in High Net Worth Magazine in an article titled How to Navigate Tax Law Changes for High-Net-Worth Individuals.
In the piece, Farris shared her expert insights on how high-net-worth individuals can stay compliant and take advantage of evolving tax opportunities.
"As a CPA focused on high-net-worth clients, staying ahead of tax law changes is absolutely critical," said Farris. "I monitor IRS and Treasury releases directly, track proposed legislation, and regularly review guidance from professional bodies like the AICPA and the Tax Section of the ABA. AI is a great tool as well—platforms like ChatGPT or Tax Stack AI can provide specific situational guidance that complements professional expertise."
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Farris emphasized the importance of combining primary research, professional collaboration, and emerging technologies to maintain a strategic edge. She also highlighted areas such as estate planning, international tax, and Puerto Rico's Act 60 incentive program as essential parts of modern high-net-worth tax strategy.
Rachel Farris has been recognized by Forbes as one of America's Top 200 CPAs and by CPA Practice Advisor as a 40 Under 40 accounting leader. Through her firms, she helps entrepreneurs, investors, and global professionals implement forward-thinking tax strategies using both human expertise and AI-driven solutions.
About Rachel Farris, CPA
Rachel Farris is the founder of Rachel Farris, CPA, P.C., specializing in Act 60 tax strategy and high-net-worth advisory, and the founder of Tax Stack AI (https://www.taxstackai.com), an AI-powered platform that modernizes small firm accounting operations.
In the piece, Farris shared her expert insights on how high-net-worth individuals can stay compliant and take advantage of evolving tax opportunities.
"As a CPA focused on high-net-worth clients, staying ahead of tax law changes is absolutely critical," said Farris. "I monitor IRS and Treasury releases directly, track proposed legislation, and regularly review guidance from professional bodies like the AICPA and the Tax Section of the ABA. AI is a great tool as well—platforms like ChatGPT or Tax Stack AI can provide specific situational guidance that complements professional expertise."
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Farris emphasized the importance of combining primary research, professional collaboration, and emerging technologies to maintain a strategic edge. She also highlighted areas such as estate planning, international tax, and Puerto Rico's Act 60 incentive program as essential parts of modern high-net-worth tax strategy.
Rachel Farris has been recognized by Forbes as one of America's Top 200 CPAs and by CPA Practice Advisor as a 40 Under 40 accounting leader. Through her firms, she helps entrepreneurs, investors, and global professionals implement forward-thinking tax strategies using both human expertise and AI-driven solutions.
About Rachel Farris, CPA
Rachel Farris is the founder of Rachel Farris, CPA, P.C., specializing in Act 60 tax strategy and high-net-worth advisory, and the founder of Tax Stack AI (https://www.taxstackai.com), an AI-powered platform that modernizes small firm accounting operations.
Source: Tax Stack AI
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