Frances Way Schafer, a retired Executive Director, served in the Washington National Tax Office of Grant Thornton LLP as a resource in areas involving fiduciary income tax, estate, gift and generation-skipping transfer taxes, and individual income tax and taxation of subchapter S corporations. She served a similar role for five years at KPMG. Frances spent the previous 30 years with the IRS, working as an Estate Tax Attorney in the Cleveland District before transferring to the Chief Counsel's National Office, where she worked in a variety of areas, ranging from corporate tax to tax shelters. During her last fifteen years at the IRS, Frances concentrated on issues in the areas of estate, gift, and generation-skipping transfer taxes, and fiduciary income tax, including the treatment of regular trusts, charitable split-interest trusts, and trusts that are shareholders in S corporations. For her last five years at the IRS, she was a counsel to the Associate Chief Counsel for Passthroughs and Special Industries, and in that capacity she reviewed all regulations and published guidance affecting those areas. She graduated from Sweet Briar College with an A.B. and from Cornell Law School with a J.D. She currently is a member of the AICPA's Trust, Estate, and Gift Tax Technical Resource Panel, where she served for many years including two years as its chair. She also served for three years as a member of the AICPA's Tax Executive Committee.