Special Tax Considerations for Senior Citizen Clients
1 hour 40 minutes
Learn about tax issues for seniors and the interrelationship between estate and tax planning so that you may better advise your clients.
Many tax topics and issues are not unique to senior clients yet impact them significantly. Other tax topics and issues truly are unique to senior clients. This topic will address many different topics with the goal of making you better versed on a broad range of topics; many of which are often either not frequently addressed or are frequently missed.
• You will be able to discuss practical IRS issues for seniors.
• You will be able to define offshore financial accounts.
• You will be able to recognize the interrelationship between estate and tax planning and Medicaid/government benefits planning.
• You will be able to review basis issues in planning and why newer tax law makes planning even more critical.