Craig Toberman recently spoke to InvestmentNews for their article about preparing for IRA audits.
In “Advisors prepare clients for audits as strong IRS enforcement looms,” author Marj Schoeff Jr. discusses how financial advisors and their clients are preparing for potentially more audits under the recently passed Inflation Reduction Act.
In the article, Craig Toberman discusses how Toberman Wealth uses tax planning to prepare clients.
“We need to prepare for an audit, even if [clients] are not doing anything wrong. We need to make sure everything they do is documented It’s less expensive and cumbersome to invest in organizing [tax documents] on the front end rather than be forced to scramble in the event of an actual audit. Systems and technology can help with that.”
If you are interested in hearing more of Craig Toberman’s financial advice, whether it be for tax planning or investment management, please book a call with him.
Craig Toberman is the Founder of Toberman Wealth – a fee-only, fiduciary financial advisor based in St. Louis. He assists families and businesses with strategic financial planning and long-term wealth management. He has over a decade of experience in financial services and has crafted custom financial plans for hundreds of families and businesses.
Craig received a Bachelor of Science (B.S.) degree in Agricultural and Consumer Economics from the University of Illinois and a Master of Business Administration (M.B.A.) degree in Finance from Saint Louis University. He is a Certified Financial Planner (CFP), Chartered Financial Analyst (CFA) charterholder, and Certified Public Accountant (CPA).
Craig is a member of the National Association of Personal Financial Advisors (NAPFA), Fee-Only Network, and XY Planning Network.
Craig lives in the greater St. Louis area with his wife, Ally and son, Hank.