By Cynthia McLagan, EA Choosing a personal representative is one of the most consequential decisions you’ll make when planning your estate. Failing to choose the right person—family member or otherwise—could result in the mismanagement of your estate. This, of course, could cause your wishes to be disregarded. If you don’t name a personal representative in your will, […]
Choosing a Personal Representative for Your Estate, Part 2: Avoiding Family Feuds
By Cynthia McLagan, EA In Part 1 of this two-part blog series, I explained the role of a personal representative and why it’s so critical to your estate. You can read it here. When choosing a personal representative for your estate, your first choice is likely to be a family member, such as your eldest child. But this might not always […]
What To Do If You’re Facing an IRS Audit
By Matt Luckmann, CPA Receiving an audit request from the IRS can, understandably, cause your blood pressure to spike. But there’s no need to panic—it doesn’t necessarily mean you did something wrong. Here’s a quick look at why you might be selected, and what you should know if you are. First, let’s talk about why […]
3 Simple Ways to Make Life Easier During Your Next Audit
By Nate Graf, CPA “I can’t wait for our audit!”—said no one ever. Yes, as auditors, we get it: an independent audit of your organization’s financial statements is probably not an event you anticipate with glee. But with a little preparation, the audit process can be—dare we say—downright painless. Here are three simple things you […]