Helping Clients with Disabilities

This comprehensive program equips tax professionals with essential knowledge to assist clients with disabilities effectively. Attendees will learn to define disability as per the Internal Revenue Code and other relevant regulations, understand itemized deductions applicable to disabilities, review the taxability of typical income streams, and identify tax planning opportunities through Special Needs Trusts and ABLE accounts. The program also covers the impact of the Americans with Disabilities Act and associated credits.

Learning Objectives:
Define Disability: Understand and articulate the various definitions of disability according to the Internal Revenue Code, Social Security Administration, and the Americans with Disabilities Act.

Identify Itemized Deductions: Recognize and apply itemized deductions specific to disabilities, including medical expenses and other relevant deductions.

Review Income Taxability: Evaluate the taxability of typical income streams received by individuals with disabilities, including disability pensions, Supplemental Security Income (SSI), and workers' compensation.

Utilize Tax Planning Opportunities: Identify and implement tax planning opportunities through Special Needs Trusts and ABLE accounts, ensuring compliance with relevant regulations.

Apply ADA Credits and Regulations: Explain the impact of the Americans with Disabilities Act (ADA) on tax planning and apply associated credits, such as the Disabled Access Credit and Barrier Removal Tax Deduction, to benefit clients with disabilities.

2 IRS CE/2 NASBA CPE*

"Our best deal is always to become a monthly subscriber"
https://taxpracticepro.com/become-a-subscriber

*Self-Study recording not available for NASBA CPE credit.