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Tax Rules of Lump-Sum Social Security Benefits Webinar

Summary

Your client was approved for Social Security disability benefits and received a large lump-sum payment for multiple years of benefits. This scenario is quite common and tax pros need to know how this impacts tax reporting. Your clients who are already receiving Social Security disability benefits rely on you to help them make the best financial decisions because every cent counts! In this webinar, you’ll learn the tax implications and how to navigate this scenario, so the taxpayer does not pay more taxes than legitimately required.

Objectives

Upon completion of this course, you will be able to:

  • Summarize the general rules for calculating taxable Social Security benefits
  • Analyze options for when to make the lump-sum election
  • Prepare IRS Pub 915 worksheets to calculate taxable Social Security benefits

Course Details

Subject matter experts will answer your questions during the presentation. We make every effort to answer as many questions as possible during the webinar but we may not be able to directly address every question.

This webinar includes the presentation slides, attendee top questions and access to the webinar recording.






   

Presented by: Sara Leone, CPA

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