Key Take Away :
This webinar covers how to reduce the implicit tax (reduction in Social Security benefits) for people who have earnings over the limit before full retirement age. It addresses some Constitutional issues regarding the taxation of Social Security benefits including whether an individual has to pay tax on Social Security benefits before recovering the amount paid in Social Security taxes.
Overview :
The Webinar will show that not all Social Security benefits are taxable. Some people pay no taxes on Social Security benefits.
This Webinar addresses the complexities in the taxation of Social Security benefits and how to calculate the amount of taxable Social Security benefits. It also addresses how the taxable amount of Social Security benefits affects other items on an individual’s income tax return.
Why Should You Attend :
About 60 million people currently receive Social Security benefits. Millions of Baby Boomers have already begun to retire. More will do so in the near future. Some of them will want to continue to work while drawing Social Security benefits. You need to learn how to serve this growing market segment.
Areas Covered In This Webinar :
This webinar will cover the normal retirement age for Social Security benefits and the discount from the benefits available at normal retirement age. It will address the amount that an early retiree who works must pay back for having earnings over the limit. The webinar will also explain some strategies for reducing this implicit tax.
Learning Objectives :
Explain the implicit tax on Social Security benefits for early retirees who work and how to reduce it
Explain the Constitutional issues regarding the taxation of Social Security benefits and why the recovery of capital doctrine does not apply to the taxation of Social Security benefits
Explain the federal income tax treatment of Social Security benefits
Describe special circumstances that affect the tax treatment of Social Security benefits
Explain the special election for the receipt of lump-sum Social Security benefits
Explain how the taxable amount of Social Security benefits affects other items on the income tax return
Who Will Benefit :
CPAs
Enrolled Agents/ Other Tax Preparers
Financial Planners
Attorneys
Trust Officers
Social Security Recipients
Individuals who are contemplating retirement
For more information, please visit : https://www.atozcompliance.com/trainings-webinar/banking-financial-services/accounting-taxation/tax-aspects-of-social-security-benefits/alan-d-campbell/300170
Email: support@atozcompliance.com
Toll Free: +1- 844-414-1400
Tel: +1-516-900-5509
Level:
Beginner
Speakers Profile :
Alan D. Campbell
Alan D. Campbell received his B.S. in accounting and his MBA in business administration from Arkansas State University. He received his Ph.D. in accounting from the University of North Texas.
He has served on the accounting faculties of several major universities. He has taught numerous courses in tax accounting and management accounting.
He is a Certified Public Accountant in Arkansas and Florida. He is also a Certified Management Accountant, and he is admitted to practice before the United States Tax Court. He is a member of the American Institute of Certified Public Accountants, the Florida Institute of Certified Public Accountants, and the Institute of Management Accountants.
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