Are you responsible for arranging the final disposition of money of a loved one who has recently passed away? At this difficult time, it's hard to navigate the complexities of a decedent's income and who claims what. You likely also have to file final income taxes as well as an estate tax return. All this is, unfortunately, piled on top of dealing with the loss itself.
One way to help make it easier and less distressing is to understand what you'll need to do with your loved one's final income.
Few things can incite fear quite like getting an IRS audit notice in the mail. Unfortunately, it does happen, and if you receive one, you will have to complete the audit process. For an ordinary taxpayer, this process can be daunting. If you want to minimize your risk, you need to understand the audit process. Here are a few of the most common questions people have about audits and what triggers them to help you be better prepared as you file your tax return this coming year.
If you're not on top of your finances, it may be time to get help. It can seem impossible to stay on top of your money matters when you don't have the proper skills and knowledge. Accountants are able to help with a mix of tasks that can make so much easier. Why guess your way through big choices when you can have an expert on your side? Here are some of the top reasons why it pays to hire an accountant for your financial needs.
When you need help with your finances, you have to choose which type of professional you want to go to for assistance. A CPA can provide you with a unique level of skills and assistance.
What Is A CPA?
A CPA is a certified public accountant, which means that they are someone who has completed a program in accounting combined with professional experienced and also passed the national CPA examination to earn their CPA certifications.