Webcast
Tax Concerns for Seniors
Help senior clients navigate the tax issues that arise around retirement income, continued work, Medicare, deductions, and required distributions. This course highlights practical planning strategies for accountants advising older taxpayers through financial and life transitions.
$196.00
Webcasts are available for viewing Monday – Friday, 8am – 8pm ET,
and Saturday & Sunday, 10am – 6pm ET.
Without FlexCast, you must start with enough time to finish. (1 Hr/Credit)
Secure Transaction CPE Credits
4 Credits: Taxes
Course Level
Intermediate
Format
Webcast
Course Description
Tax planning for older clients requires more than a review of retirement income. Tax Concerns for Seniors examines the issues that commonly arise as clients move through retirement, continue working later in life, coordinate Social Security and Medicare decisions, and manage distributions from IRAs and employer plans. This CPE course also reviews practical deduction planning, including medical expenses, charitable giving, interest expense, and recent senior-focused deduction opportunities.
Mary Kay Foss also addresses planning decisions that extend beyond the return itself, including qualified charitable distributions, inherited retirement accounts, required minimum distributions, downsizing, housing transitions, and financial support for children and grandchildren. Accountants and tax professionals will leave with a clearer framework for identifying tax risks, spotting planning opportunities, and advising senior clients in a more comprehensive way.
Learning Objectives
After completing this course, participants will be able to:
- Identify key tax and planning issues affecting senior taxpayers, including Social Security, Medicare, and continued employment considerations.
- Distinguish between common entity and retirement plan choices available to seniors engaged in self-employment or post-retirement work.
- Recognize major categories of income and deductions that commonly affect older taxpayers, including medical expenses, charitable contributions, and interest expense.
- Determine the basic rules governing required minimum distributions, qualified plan rollovers, and qualified charitable distributions.
- Identify planning considerations related to inherited retirement accounts and beneficiary distribution requirements.
- Evaluate common late-life planning issues, including housing changes, mortgage decisions, and financial assistance to family members.
Course Specifics
WC1826471905
March 23, 2026
None
None
Compliance Information
IRS Provider Number: 0MYXB
IRS Course Number: 0MYXB-T-02783-26-O
IRS Federal Tax Law Credits: 4
CTEC Course Number: 2071-CE-02226
CTEC Federal Tax Law Credits: 4
CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board. CFP Professionals must take each course in it’s entirety, the CFP Board DOES NOT accept partial credits for courses.
CTEC Notice: California Tax Education Council DOES NOT allow partial credit, course must be taken in entirety. Western CPE has been approved by the California Tax Education Council to offer continuing education courses that count as credit towards the annual “continuing education” requirement imposed by the State of California for CTEC Registered Tax Preparers. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA, 95812-2890, by phone toll-free at (877) 850-2832, or on the Internet at www.ctec.org.
Meet The Experts
Mary Kay Foss CPA is a frequent lecturer for professional and business groups. She has over thirty years of practical experience advising about retirement, income and estate planning issues. Ms. Foss is a member of the AICPA Individual and Self-Employed Technical Resource Panel, past chair of the AICPA Trust Estate and Gift Tax Technical Resource Panel and past chair of both the Estate Planning and the Taxation Committee of CalCPA. She is also past president of the Estate Planning Councils of Diablo Valley and East Bay and the East Bay Chapter of CalCPA. She teaches classes for CalCPA and has …
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