Show navigation

Available in:

OnDemand Webinar
Audio & Reference Manual
MP3 Download

Social Security Disability Income: Taxation and Reporting Requirements

Gain a better understanding of how to advise on tax planning and for social security disability benefits as well as important reporting requirements.

Professionals such as financial planners, accountants and attorneys are asked by clients about rules and regulations in many different areas. Statistics from the Council for disability awareness published in 2013 stated that one in four of today’s 20 year-olds will be disabled before they retire. They go on to state that about 12% of the U.S. population, about 37 million people, are classified as disabled. Odds are that you have clients, family members or friends asking about disability issues. This topic will give you the facts you need to know to be able to answer Social Security Disability questions confidently and accurately. This material will give you the knowledge you need to expand and improve your practice in professional advisory.

Runtime: 64 minutes
Purchase Options

More Program Information

Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Who Qualifies for Disability?

  • How Long Do You Need to Work Before Being Eligible?
  • What Benefit Are You Eligible for?
  • When Do Your DBI Benefits End?

Family Benefits Available

  • Spouse
  • Children
  • Others

Children With Disabilities

  • What Benefits Are Available?
  • What Happens When Child Reaches Age 18?
  • What Benefits Are Available From the Parents?

Taxation of Disability Benefits

  • Single, Married Filing Jointly, Married Filing Separate, Head of Household
  • Collection of Multi-Year Benefits in a Lump Sum
  • Exemptions
Purchase Options

More Program Information

Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Webinar

This course was last revised on April 11, 2018.

Call 1-866-352-9540 for further credit information.

  • Enrolled Agents 1.0
     
  • This program qualifies for 1.0 hours of Continuing Education Credit for enrolled agents under Treasury Department Circular #230 Section 10.6(g).
     

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

Audio & Reference Manual

  • Arizona CLE 1.0
     
  • CA MCLE 1.0
     
  • CT CLE 1.0
     
  • GA CLE 1.0
     
  • HI CLE 1.0
     
  • IL CLE 1.0
     
  • ME CLE 1.0
     
  • MT CLE 1.0
     
  • NJ CLE 1.2
     
  • NV CLE 1.0
     
  • VT CLE 1.0
     
  • WA CLE 1.0
     
  • WV MCLE 1.2
     
The CLE Code is ONLY a requirement when applying for CLE Credit in California (for participatory credit), Kansas, New Jersey or New York. Other states do not need to supply the CLE Code to apply for CLE credit.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

MP3 Download

  • Arizona CLE 1.0
     
  • CA MCLE 1.0
     
  • CT CLE 1.0
     
  • HI CLE 1.0
     
  • IL CLE 1.0
     
  • ME CLE 1.0
     
  • MT CLE 1.0
     
  • NJ CLE 1.2
     
  • NV CLE 1.0
     
  • VT CLE 1.0
     
  • WA CLE 1.0
     
  • WV MCLE 1.2
     
The CLE Code is ONLY a requirement when applying for CLE Credit in California (for participatory credit), Kansas, New Jersey or New York. Other states do not need to supply the CLE Code to apply for CLE credit.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

Purchase Options

More Program Information

Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Theodore J. Sarenski, CPA/PFS, CFP, AEP

Theodore J. Sarenski, CPA/PFS, CFP, AEP

Blue Ocean Strategic Capital, LLC

  • CEO of Blue Ocean Strategic Capital, LLC
  • Recognized locally and nationally as an expert providing financial planning advice
  • Currently appears on WSTM-3, Syracuse’s NBC affiliate, taking viewers’ calls and offering planning concepts to viewers; appeared on the PBS affiliate in Syracuse as a permanent guest host of the program “Financial Fitness” which aired live for one-half hour every Thursday at 8 PM EST
  • Received the 2013 Distinguished Service Award by the American Institute of Certified Public Accountants (AICPA) Personal Financial Planning Division for contributions to further financial planning within the CPA community, industry-related publications and speaking engagements across the country; in 2016, he was selected to be on the Wolters Kluwer Financial and Estate Planning Advisory Board
  • Has presented to regional Estate Planning Councils from Seattle to Syracuse on financial planning topics and Social Security
  • Has been interviewed by hundreds of radio stations across the U.S. on tax and financial planning topics since 2005; also speaks on financial planning topics at major professional national conferences for organizations such as the American Institute of Certified Public Accountants and the Financial Planning Association, and for private groups
  • Written articles on financial planning that have appeared in The Journal of Accountancy, The CPA Journal, The Journal of Taxation and the AICPA Wealth Management Insider; wrote a CPAs Guide to Social Security for the American Institute of CPAs in 2011, and is responsible for its update annually
  • Has been interviewed and quoted in many publications including: USA Today, The Wall Street Journal, Consumer Reports, The Christian Science Monitor, Investment News, Kiplinger Personal Finance Report, Financial Planning magazine (cover photo February 2013), Accounting Today and The Practical Accountant
  • Can be contacted at 315-471-2672, [email protected], his website, www.boscllc.com, or on Twitter® @tjsPlanner
Purchase Options

More Program Information

Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

All of your training, right here at Lorman.

Pay once and get a full year of unlimited training in any format, any time!

  • Live Webinars
  • OnDemand Webinars
  • MP3 Downloads
  • Course Manuals
  • Audio Recordings*
  • Executive Reports
  • White Papers and Articles
  • Sponsored Live Webinars

Additional benefits include:

  • State Specific Credit Tracker
  • Members Only Newsletter
  • All-Access Pass Course Concierge

* For audio recordings you only pay shipping

Questions? Call 877-296-2169 to speak with a real person.

Sign Up Today
With This Course

Access to all training products for one year
$699/year

Unlimited Lorman Training

With the All-Access Pass there is no guessing what you will need for your yearly training budget. $699 will cover all of your training needs for an entire year!

Easy Registrations

Once you purchase your All-Access Pass you will never be any further than one-click away from attending any Lorman training course.

Invest in Yourself

You haven't gotten to where you are professionally by luck alone; it's taken a lot of hard work and training. Invest in yourself with the All-Access Pass.

Product ID: 400703
Published 2018
Purchase Options

Available in Multiple Formats

Purchase this course and learn on your schedule!