Tax Concerns for Seniors FLEXCAST
Available Until
Your Desk
4.0 Credits
Member Price $196.00
Non-Member Price $225.00
Overview
This course offers an in-depth exploration of the specific tax issues and planning strategies pertinent to senior clients. Directed by Mary Kay Foss, CPA, it delves into the complexities seniors face in tax planning and preparation, particularly in the context of supporting family objectives and managing personal financial concerns. The course covers a wide range of topics, including the onset of Social Security benefits, retirement distribution requirements, and unique income and deduction considerations for seniors. The benefits of this course are significant. Participants will gain insights into the timing and taxability of Social Security benefits, understand how retirement distributions can impact a senior’s financial strategy, and identify key tax considerations important to senior clients. The course also provides guidance on family support objectives, offering alternatives for education funding and home ownership assistance. Equipped with this knowledge, participants will be able to offer comprehensive and specialized tax advice to senior clients, helping them navigate their unique financial landscape effectively and meet both personal and family goals.
Highlights
Social Security and Medicare. Still working as a senior. Retirement distributions. Tax planning. Other planning issues.
Prerequisites
None.
Designed For
CPAs, financial professionals, enrolled agents and attorneys.
Objectives
Recognize the issues related to the onset of Social Security benefits. Determine how retirement distribution requirements can impact retirement strategy. Identify tax income and deduction issues of special importance to seniors. Identify alternatives to achieve family objectives regarding education and home ownership.
Preparation
None.
Notice
This is a FlexCast (no exam required) and may be viewed only Monday - Saturday, 5am - 5pm PT. You may take up to one year from the date of purchase to complete the course. Pause your FlexCast and resume at a convenient day during the hours above. Partial credit for 2+ credit courses: If you are unable to complete the course in one sitting, partial credit can be awarded (minimum of one credit). To earn the remaining credits, you must return later and start the course from the beginning. Use chat to ask questions of a subject matter expert during the program.
Leader(s):
Leader Bios
Mary Kay Foss, California CPA Education Foundation
Mary Kay Foss, CPA, a director with Sweeney Kovar LLP, has more than 30 years of practical experience in advising clients about retirement, income and estate planning issues. She is a frequent lecturer for community, professional and business groups and has authored and presented courses for tax professionals throughout California. Foss is past chair of both the CalCPA Estate Planning Committee and the Committee on Taxation. She is a past president of the Estate Planning Council of Diablo Valley, the East Bay Chapter of CalCPA and the Estate Planning Council of the East Bay. She is a member of the AICPA Trust, Estate and Gift Tax Technical Resource Panel and has been quoted in California CPA magazine, as well as national publications.
Non-Member Price $225.00
Member Price $196.00