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Course Level :Basic
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Credits :1
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Instructional Method :Group Internet Based
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Pre-requisites :None
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Advance Preparation :None
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.
MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478
MY-CPE LLC (Sponsor Id#: GEHNZ) has entered into an agreement with the Internal Revenue Service, to meet the requirements of 31 Code of Federal Regulations, section 10.6(g), covering maintenance of attendance records, retention of program outlines, qualifications of instructors, and length of class hours. This agreement does not constitute an endorsement by the IRS as to the quality of the program or its contribution to the professional competence of the enrolled individual. Credit earned by attendees with a PTIN will be reported directly to the IRS as required of all providers. To ensure your CPE hours are reported, update your profile in My Account to include your PTIN number. Please note: IRS CE is only mandatory for EAs and ERPAs. For all other tax return preparers, CE is voluntary.
MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478
MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.
MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478
MY-CPE LLC (Sponsor ID# : 6273) has been approved by the California Tax Education Council to offer continuing education courses that count as credit towards the annual “continuing education” requirement imposed by the State of California for CTEC Registered Tax Preparers. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA, 95812-2890, toll-free by phone at (877) 850-2832, or on the Internet at www.ctec.org.
Partner, FORSPAN KLEAR LLP
Elizabeth Forspan is the Managing Attorney of the law firm Forspan Klear LLP. Elizabeth’s areas of practice include Elder Care Planning, Estate Planning and Taxation. She regularly assists clients in achieving their Medicaid Planning goals in a tax efficient manner through practical and considerate planning techniques.
Elizabeth often lectures on various aspects of Elder Care Planning, Tax Law and Estate Planning. Elizabeth recently lectured on the Income Taxation of Trusts and Estates for the National Business Institute as well as Key Elder Care Planning Issues for the New York State Society of CPA’s Annual Estate Planning Conference in New York City. Elizabeth has also written and lectured extensively on the topic of Casualty Loss Deductions. Elizabeth co-authored the award winning cover article for the February 2013 edition of the CPA Journal entitled “Casualty Losses for Property Damaged by Hurricane Sandy.” In June of 2014, Elizabeth was the recipient of the prestigious Max Block Award for Outstanding Article in the Category of Technical Analysis, awarded by the New York State Society of Certified Public Accountants’ CPA Journal for her article on casualty losses.
Forspan Klear LLP is a law firm with a focus on Wills & Trusts, Elder Law/Medicaid Planning, Special Needs Planning, High Net Worth Estate Planning, Probate and Estate Litigation. Serving NYC, Nassau, Suffolk, Rockland and Westchester. ATTORNEY ADVERTISING.
1 Credit
Subject Area
May 18, 2022 | 09:00 AM EDT
May 18, 2022 | 09:30 AM EDT
May 18, 2022 | 09:30 AM EDT
May 18, 2022 | 10:00 AM EDT
May 18, 2022 | 10:00 AM EDT
May 18, 2022 | 10:00 AM EDT
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