Strategies for Maximizing Social Security Benefits - VIRTUAL
2.00 Credits
Member Price $89
Non-Member Price $114
Overview
As the population of the United States ages, tax practitioners will be asked to advise their individual clients with respect to when they should begin to take Social Security benefits. This program will provide you with the background to knowledgeably discuss the benefit options available to Social Security beneficiaries and the alternative payment options available to married couples, dependents, a surviving spouse, and a divorced individual.
Highlights
- When is a person eligible to take Social Security benefits?
- Factors to consider when selecting an option for taking Social Security benefits
- Is there a best age to start taking Social Security benefits?
- How to maximize Social Security benefit payments for surviving spouses
- How can a divorced spouse collect Social Security benefits based on the work record of a former spouse?
- How minor children can collect Social Security benefits based on the work record of an older parent
Prerequisites
Basic knowledge of individual income taxation
Designed For
Tax practitioners who anticipate advising clients with respect to any aspect of the Social Security system and, particularly, with respect to the time when a client can/should initiate Social Security benefits distributions
Objectives
- Determine what options a given client has with respect to initiating
- Social Security payments
- Identify other factors that could affect a claiming age decision
- Advise divorced clients with respect to their ability to receive
- Social Security benefits from a former spouse
- Advise married clients regarding their options with respect to maximizing Social Security benefits for the couple and for a surviving spouse
Preparation
None
Leader(s):
Leader Bios
Pamela Davis-Vaughn, Surgent McCoy CPE, LLC
Pamela J. Davis-Vaughn, CPA, is a general practitioner providing accounting, tax, and consulting services to clients across the United States from her office in Painted Post, New York. She has designed and taught undergraduate and graduate courses in state and local tax at Texas universities, including Baylor and Texas Tech; and has been a highly rated speaker at the Controller’s Roundtable, a sponsored event for controllers of automobile dealerships in Texas.
In addition to her accounting practice, Pam and her husband, Darryl, are owners of One Main Place Farms, an organic farming operation located in upstate New York. Pam has over 25 years of experience in both public and private accounting sectors. Her public experience ranges from a Big Four firm where she assisted several Fortune 500 companies in restructuring their operations to provide state income and franchise tax savings, participated on the mergers and acquisitions team, and served as the Southwest Area Employment Tax practice leader to providing tax consulting services for closely held businesses of a 16-partner, 100-staff Dallas CPA firm. Her experience in the private sector as CFO of a Dallas based manufacturer servicing the telecom industry and Tax and Accounting Manager of a large independent oil and gas company provides her with significant insight into the challenges faced by those practicing in industry.
Pam holds a BS degree in Business and Accounting from the University of Kansas, an MBA from Wichita State University, and has completed post-graduate work in International Tax at New York University. She holds a license to practice in Kansas, Texas, and New York.
Non-Member Price $114
Member Price $89