Course Description
The matter of
aging in the U.S. and the tax issues that come into play cannot be ignored. The
Population Reference Bureau projects that the number of elderly—age 65 and
older—will more than double by 2060 with many of these seniors being age 85 and
older.
In this CE/CPE webinar Elizabeth Forspan, Esq. of Forspan Klear LLP, a NY-based law
firm, will discuss recent updates to New York’s elder care and Medicaid
planning landscape.
Elder planning
sometimes conjures images of complicated health and housing issues, and it
presents a critical opportunity for you, as a CPA, to serve the best interest
of your clients. Accountants are typically on the “front lines” of their client's
financial planning and
tax planning and thus these professionals must understand the various elder
care objectives of their clients.
The term
Medicaid planning encompasses a wide variety of services provided by an equally
wide variety of professionals and volunteers. It generally means any assistance
provided to a potential Medicaid applicant in advance of and in preparation for
their Medicaid application. It can be as simple as assistance with the
collection and preparation of documents or as complicated as a complete
restructuring of one’s financial assets.
The Speaker of this CE/CPE tax course will discuss the new home care rules, as
well as the legislative proposals that may take effect in 2023, potentially
drastically changing Medicaid as we know it. She will also review important
income tax considerations to take into account when engaged in an elder care
plan.
Learning Objectives
- To gain a basic understanding of the Medicaid long-term care rules.
- To analyze the recent updates in New York’s Medicaid regulations.
- To discuss the importance of tax planning in the context of eldercare planning.
- To explain when good tax planning may equal bad Medicaid planning.
Recommended For
- This Online CPE webinar is recommended for CPA, EA, AFSP, CRTP, MRTP, ORTP, CFIRS, CWS, Accountants, and other Tax practitioners who want to understand recent updates to New York’s Eldercare and Medicaid planning landscape.
- This CE/CPE course is helpful for all the tax professionals who want to understand important income tax considerations to take into account when engaged in an elder care plan.
Who Should Attend?
- Bookkeepers & Accountants & Tax Preparers
- California Registered Tax Professional
- Certified Public Accountant (CPA)
- CPA (Industry)
- CPA - Mid Size Firm
- Maryland Tax Preparers
- Oregon Tax Preparers
- Tax Professionals
- Young CPA
