Error loading player: No playable sources found

TAX2203

Identifying Tax Traps and Financing Nuances for Families Caring for Children with Special Needs

Date
June 7, 2022
$49
Standard Price
This product is also available as part of the following products:
Thumbnail for AICPA & CIMA ENGAGE 2022
This includes sessions from AICPA & CIMA ENGAGE 2022:
Thumbnail for Tax Strategies for the High-Income Individual (as part of AICPA & CIMA ENGAGE 2022)
This includes sessions from the conference: Tax Strategies for the High-Income Individual (as part of AICPA & CIMA ENGAGE 2022)

In addition to reviewing the general framework in individual tax planning for our families and the implications of 2017’s Tax Cuts and Jobs Act in planning, 2021's American Rescue Plan Act, and current legislation, our session will focus on some financing nuances associated with the medical expense deduction (i.e., retirement planning distributions and home equity loans), the tax benefit rule, and the interaction of the medical expense and home equity deductions in planning. In addition, the Alternative Minimum Tax will be reviewed. If time permits, an income tax case study will illustrate the impact of these various provisions.

Learning Objectives

  • Recall recent legislation and the impact on individuals
  • Analyze the Medical Expense Reality and Recent Changes
  • Recognize financing nuances, the AMT and the impact on the tax calculation

Speaker

Speaker Image for Thomas Brinker
Thomas M. Brinker, LLM, PFS/CPA, AEP®, ChFC®
Adjunct Professor of Taxation and Special Needs Planning /Professor of Accounting ChSNC® Program Director Director of the American College Center for Special Needs, The American College/Arcadia University

Related Products

Thumbnail for Investing in Crypto and the Current State of the Blockchain Ecosystem (PFP, NAA, EST, TAX, PST, FIN)
Investing in Crypto and the Current State of the Blockchain Ecosystem (PFP, NAA, EST, TAX, PST, FIN)
46 million Americans now own bitcoin. Yet, only a few tax professionals understand how to help individuals and businesses dealing with cryptocurrency…
Thumbnail for Estate Planning for Non-Taxable Estates 10M and Less (PFP, EST, TAX)
Estate Planning for Non-Taxable Estates 10M and Less (PFP, EST, TAX)
This session will cover the importance of planning for the modest estate owner, making the portability election vs…
Thumbnail for Tools and Trends in Philanthropic Planning: DAFs, Impact Investing and More (PFP, EST, TAX)
Tools and Trends in Philanthropic Planning: DAFs, Impact Investing and More (PFP, EST, TAX)
The field of philanthropy is evolving faster than ever, with new knowledge and innovation, along with hazards and even harmful practices to avoid…
Thumbnail for Your Tax Prep Questions Answered: 706, 709, 1041 (PFP, EST, TAX)
Your Tax Prep Questions Answered: 706, 709, 1041 (PFP, EST, TAX)
Forms 706 and 709 are both extensively filed and often times incorrect through insufficient disclosures. Preparing very few Forms 1041 can lead to errors as well. Your instructors believe there are NO stupid questions and invite you to bring your questions to this interactive session…

This site uses cookies to store information on your computer. Some are essential to make our site work, others help us improve, the user experience. By using the site, you consent to the placement of these cookies. Visit our Privacy Center to learn more.