Elder, Special Needs & Chronic Illness Planning

Planning for the Medicare Part B premium

Financial advisers can help clients avoid big spikes in Medicare premiums through careful tax planning.

Achieving a better life experience (ABLE) accounts rules finalized

Eligible individuals with disabilities received IRS guidance on rules regarding tax-favorable ABLE accounts to save money to meet qualified disability expenses.

De-mystifying geriatric care managers

CPA financial planners can use these approaches to help clients avoid delays and expensive mistakes in providing top-quality care for loved ones dealing with issues from aging or dementia.

Tax Planning for Aging Clients: Medical Expense Deduction for Home Improvements

Many clients making modifications to make homes more accessible may qualify for valuable home improvement medical expense deductions.

CCRCs and the Housing Decisions Faced by Older Adults: How Financial Professionals Can Help

Financial planners and tax advisers are sure to receive an increasing number of questions related to elder housing decisions and the financial implications of various choices.

Protecting the Elderly from Financial Abuse

This column explores the warning signs of senior fraud and offers suggestions for identifying those signs and resources for guidance in handling such situations.

Tax Planning for Elderly Clients

With the rapid increase in the number of elderly clients, tax practitioners will need to become familiar with the special issues that affect tax compliance and planning for the elderly.

What Is Long-Term Care and Who Is Responsible for Its Cost?

Long-term care is defined in the Code as “necessary diagnostic, preventive, therapeutic, curing, treating, mitigating, and rehabilitative services, and maintenance or personal care services” for a chronically ill individual.

Tax Insider Articles

Tax Clinic

US estate tax: Not just for US citizens

M&A pitfalls for deferred research expenditures

Impact of business interest expense limitation regs. on partner redemptions

Personal income tax: The other-state tax credit

State tax considerations for financial institutions

DEDUCTIONS

Business meal deductions after the TCJA

This article discusses the history of the deduction of business meal expenses and the new rules under the TCJA and the regulations and provides a framework for documenting and substantiating the deduction.

TAX RELIEF

Quirks spurred by COVID-19 tax relief

This article discusses some procedural and administrative quirks that have emerged with the new tax legislative, regulatory, and procedural guidance related to COVID-19.

Magazine