Senior Healthcare Strategies

Overview

Tax practice demands more than technical calculations’it requires sound judgment under Circular 230, the AICPA Code, and the 2024 SSTS revisions. This course shows how to recognize and manage conflicts of interest (possible, potential, actual), obtain and document informed consents, and decide when withdrawal is required. You’ll learn what to do when client errors or omissions surface, how SSTS 1.2 and Circular 230 §§10.21/10.22 shape your duties, and how to protect clients (and yourself) with engagement letters, scope clarity, and careful documentation. We’ll translate due-diligence principles into daily practice’what you may rely on, when to probe, how to mitigate §6694 exposure, and how to organize files to preserve work product. The program also covers controversy representation (2848 vs 8821), WISP/data-security expectations, and practical checklists that elevate quality review and reduce malpractice risk.

Highlights

• The interrelationship of health, happiness, and financial well-being
• Traditional long-term care insurance, hybrid strategies, or self insure —
• Medicare Parts A, B, C, and D and Medigap plans
• Incapacity, elder law, Medicaid, and choosing a long-term care facility
• Hospice and palliative care

Prerequisites

None.

Objectives

• Determine medical insurance terminology and options
• Recognize the need to plan in mid-life for end-of-life decisions
• Identify the correct path through the long-term care, Medicare, and Medigap insurance maze

Preparation

None.

Notice

This is a self-study/on demand course offered by a 3rd party vendor and will NOT be accessible in the My Upcoming CPE section of the ISCPA website. Course access information will be emailed directly to you by CalCPA. The course expires one year from the purchase date. Format = Online Self-Study.