Many tax topics and issues are not unique to senior clients yet impact them significantly. Other tax topics and issues truly are unique to senior clients.

This webinar will address many different topics with the goal of making you better versed on a broad range of topics; many of which are often either not frequently addressed or are frequently missed.What You'll Learn:COVID-19 and the End of 2020 - Selected Topics and Updates

• Exact Topics to Be Selected Based on Current Circumstances

Practical IRS Issues for Seniors

• Use of Form 56
  
• Obtaining Information From the IRS
  
• Tax Procedure and Scam Challenges
  
• Where Is Your Client's Tax Refund?
  
• Should Your Client File a Tax Return?

Offshore Financial Accounts

• It Is Not Uncommon for a Senior Client to Have Undisclosed Offshore Financial Accounts - Learn What You Should Ask the Client
  
• Learn Some of the, Sometimes Surprising, Basic Reporting Requirements
  
• Understand Some of the Challenges Caused by Non-Reporting

Interrelationship Between Estate and Tax Planning and Medicaid/Government Benefits Planning

• Review Why Certain Tax and Estate Planning Can Interfere With Medicaid/Government Benefits Planning

Surrendering - Tax Implications

• Surrendering an Annuity
  
• Surrendering Life Insurance
  
• Surrendering U.S. Savings Bonds

Miscellaneous Income Tax Issues

• Senior and Disabled Persons Special Tax Provisions
  
• Income Tax Returns of Sick or Disabled Persons
  
• Alternative Medical Treatment
  
• Sale of a Home

Don't Forget Other State's Tax Issues

• Selected Income Tax (and Estate and Gift Tax) Traps

RMD and Charity

SECURE Act Tips and Traps

Immediate Pre-Mortem Tax Planning

Basis - the Old and New Elephant in the Room

• A Review of Basis Issues in Planning and Why Newer Tax Law Makes Basis Planning Even More Critical