Tears and taxes: Meet my therapist, the accountant
We always joke in my CPA office, that the truth is better than any soap opera. I can certainly relate to the article.
BUT, what is the one thing I have learned from my line of work? Get your affairs in order, and don't be cheap about it. By far and above, greedy loved ones is the number one drama we face. It's a given. Every family has someone salivating and ready to start trouble, when it comes to an inheritance. (Lesson learned - a good lawyer is worth their weight in gold).
I haven't personally dealt with a lot of divorces, BUT, one of my youngest/wealthiest clients just filed for divorce last week. Ugh. It's going to be a MESSY one.
I also agree that most people are more scared of the IRS than they need to be. I've got some stories there. BUT, I have not experienced any audits. My boss has a good track record and so his clients rarely get audited. I've worked here 8 years and we have had a handful of audits - none of my clients. Something else I am sure I will get more experience with, with time.