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 Contributing to an HSA Beyond Age 65 - Navigating Medicare's Rules (PFP, EST, TAX)
Contributing to an HSA Beyond Age 65 - Navigating Medicare's Rules (PFP, EST, TAX)
For clients wishing to contribute to a Health Savings Account beyond age 65 due to eligible group health plan coverage, navigating the rules of enrolling in Medicare later are fraught with confusion…
Thumbnail for 2022 IRA and Retirement Planning Update (PFP, EST, TAX)
2022 IRA and Retirement Planning Update (PFP, EST, TAX)
This session will cover the best 2022 retirement tax planning strategies. The program will show CPAs how to react to the most recent tax changes, including the SECURE Act, and other major tax planning changes…
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 College and Student Loan Planning for the Next Decade: Practical Strategies for Success (PFP, EST, TAX)
College and Student Loan Planning for the Next Decade: Practical Strategies for Success (PFP, EST, TAX)
Federal loans, private loans, subsidized loans, unsubsidized loans, income-based repayment, income contingent repayment, consolidation, deferment, forbearance, forgiveness…

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.