Live Stream: Social Security and Medicare: Maximizing Retirement Benefits
260 | Livestream | Intermediate | Scheduled
Description
Our Social Security system provides retirement, disability and survivor benefits to millions of Americans. The long-term future of Social Security and Medicare is uncertain, triggering concerns for many workers who are now paying into the system. Attend this course to learn about FICA, the Medicare tax and more. You will cover real-world situations and use the tools provided to advise your clients to make optimal decisions when it comes to Social Security and Medicare.
Credits
| Number of Credits | Type of Credits |
|---|---|
| 4.00 | Taxes |
| 3.33 | CLE |
Designed For
CPAs, professional accountants and financial advisors
Prerequisites
Basic knowledge of Social Security and Medicare
Highlights
- What Medicare will and will not do
- Managing Medicare gaps
- Analyzing the wide menu of Social Security benefits
- Social Security benefits for workers and families: retirement, survivor, disability, and death benefit
- Tax impact of social security premiums and benefits
- Impact of the 3.8 percent Medicare surtax on investment income
- Recent changes to the Medicare law
Objectives
- Recall the role of the Social Security Administration and how FICA applies to the funding of Social Security and Medicare benefits
- Identify the benefit eligibility issues
- Determine Social Security benefits and the implications retirement age has on those benefits
- Identify what types of Social Security survivor benefits are available
- Identify the disability income benefits and the multiple factors that can impact those benefits
- Identify coverages and costs associated with Medicare and what it does not cover
Prices
- Member (Early Bird)
- $169.00
- Non-Member (Early Bird)
- $219.00
- Member
- $169.00
- Non-Member
- $219.00
Instructors
Deborah Phillips
Deborah A. Phillips, CPA, MST, operates her own tax controversy practice where she specializes in partnership and S corporation tax law as well as IRS audits and procedures.
Debbie has been very successful petitioning and resolving tax issues under the jurisdiction of the United State Tax Court. She is proficient in the Section 199A provisions and computations as well as all aspects of the Tax Cuts and Jobs Act of 2017. She works with various CPA firms during tax season preparing all types of tax returns.
In addition, she utilizes her forensic accounting skills for tax preparation of clients involved in potential IRS criminal prosecution.
Debbie retired from the Large Business and International Division (LB&I) of the Internal Revenue Service (IRS), where she was a Senior Manager in the Flow Through Issue Practice Group (IPG). The IPG specializes in S corporation and partnership tax issues for LB&I.
Debbie worked for the IRS for over 32 years. She has extensive accounting and taxation knowledge of individual, corporate, and partnership federal tax returns. She was the Operations and Technical Assistant to the Deputy Commission International, the Technical Assistant to the Director of PFTG, a Territory Manager in the Retail, Food and Pharmaceuticals Industry, a Team Manager in the Heavy Manufacturing Industry, and the IRC Section 263A Technical Advisor.
Debbie taught graduate and undergraduate courses in accounting and taxation as an adjunct faculty member at Delaware State University, Wilmington College, and Goldey-Beacom College. She has been a seminar presenter for approximately 20 years as well as a textbook author.
In 2015 through 2018, she received the Surgent Outstanding Discussion Leader Award because of her consistently high evaluations for knowledge and presentation skills. Debbie earned her master's degree in taxation from Widener University.
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