Per the IRS Education Provider Standards this course must be COMPLETED by 12/31/2026 to receive credits. NOTE: Go to My Professional Profile in your CCH CPELink account settings to ensure your name, and PTIN number; matches your PTIN card
Join expert, Greg White, CPA, as he covers Social Security taxes and benefits. Social Security benefits are the largest source of income for many senior citizens. As demographics change and our clients grow older, this will become a more important part of professional tax practice (and also for ourselves).
Publication Date: May 2023
Designed For
New and experienced practitioners.
Topics Covered
- Make sure your clients don't get shortchanged computing the "sweet spot" for Social Security tax payments
- Is the Social Security system insolvent?
- Best age to claim Social Security benefits
- Suspending current Social Security benefits in order to increase future benefits
Learning Objectives
- Recognize how to determine the best age to claim Social Security benefits
- Identify the relationship between paying more payroll taxes and receiving more Social Security benefits
- Recognize how to compute Social Security benefits
- Recognize how to determine when clients should suspend benefits
- Identify circumstances where a spouse can draw on your Social Security benefits
- Recognize how survivor benefits are calculated
Level
Basic
Instructional Method
Self-Study
NASBA Field of Study
Taxes (2 hours)
Program Prerequisites
None
Advance Preparation
None
Instructor
Greg White
Greg White, CPA, taught for 14 years as an adjunct professor for Golden Gate University. He’s admitted to practice before the United States Tax Court. He is a founder and shareholder, in WGN PS in Seattle, WA. He has been named a Top 50 IRS Representation Practitioner in the U.S. by CPA Magazine and has taught for a number of professional organizations. Greg enjoys the technical side of tax, but also likes to have fun in class.