Description:

This book is for preparing 2022 taxes. As your clients enter retirement, there’s tax planning guidance that you can offer so they can receive all the benefits available in their new stage of life. From their first years of retirement, we’ll cover how to report Social Security benefits and plan for required minimum distributions from retirement plans. This course also covers the later stages of retirement and explains how to report long-term insurance proceeds and expenses and when it makes financial sense to create a life estate.

Table Of Contents

Topics include:

• Evaluating credits and deductions senior taxpayers may claim
• Reporting long-term care expenses and proceeds
• Determining the taxable amount of various payments received in retirement
• Solving unique problems when receiving Social Security benefits
• Identifying tax benefits children may claim for elderly parents
• Summarizing the rules for required minimum distributions
• Listing the advantages and disadvantages of life estates

Product Details:

Item Number: E22352

Level: Basic

Authors: NATP Staff

Published: 2022

Format: Electronic PDF - 116 Pages

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Corresponding CPE Courses:

Get this e-book FREE when you purchase the 2022 corresponding course when available.

Purchase Info:

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Electronic products are nonreturnable.