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1. Considerations when working with an aging client base  

BY Sarah Beckett Ference, CPA
I provide bill-paying services to my elderly client, and I’m afraid she’s going to run out of money soon. My client’s mental capacities appear to be diminishing. I’m not sure he understands the engagement letter I’ve asked him to sign. My elderly client’s child has a gambling problem and always asks for money.

2. How to help clients make the right Social Security election   CPEDirect

BY James Sullivan, CPA/PFS
As the wave of Baby Boomer retirements continues, it is more important than ever for CPAs to understand how to help clients be in the best position to maximize Social Security benefits. Mastering the intricacies of the rules is no easy task, especially for accountants who don’t concentrate full time on financial planning.

3. Daily money management  

BY Jeff Drew
As Americans enter old age in rapidly increasing numbers, more accountants will run into situations like the one a Virginia CPA encountered last year. The CPA spent five hours rummaging through the home of a 94-year-old client, trying to find the paperwork needed to complete the man’s 2010 tax return.

4. Tax Court Allows Deduction for Payment to Long-Term Caregivers   WebExclusive

The Tax Court held that payments made to an elderly woman’s caregivers for personal care that she required due to her diminished capacity qualified as long-term-care services and were therefore deductible under IRC § 213(d)(1)(C) (Estate of Baral, 137 TC no. 1 (2011)). Lillian Baral was diagnosed by her physician as suffering from dementia, and the physician determined that she required 24-hour assistance and supervision for medical reasons.

5. CPAs in an Aging Society: When Alzheimer's Disease Affects a Client  

BY James Sullivan, CPA/PFS, and Janet Sullivan, Esq.
Jack is agitated. He has been a client for 10 years, and is now 80 years old. He lost his wife of 40 years a year ago. At your last meeting six months ago, Jack was engaged and paid close attention. Today, he is easily distracted.

6. Smart Stops on the Web  

TAX SOFTWARE SITES Links to Tax Programs www.futureofsoftware.net CPAs and tax preparers can find links here to sites that offer software—either to demo for free or purchase—as well as hardware and peripherals. Users can explore categories such as computer rentals, data recovery and storage, and multimedia.

7. Are You Ready For New Assurance Services?   CPEDirect

BY Robert K. Elliott and Don M. Pallais
EXECUTIVE SUMMARY THE INTRODUCTION OF NEW ASSURANCE services could double or even triple the CPA profession's $7 billion accounting and auditing income. But the new opportunities will not come easily. New services must be identified, new competencies developed and barriers will have to be overcome.

8. The Internet  

BY JofA
SMART STOPS ON THE WEB ACCOUNTING SITES A Site for CPAs www.computercpa.com The Accountant’s Home Page offers an extensive list of links to accounting organizations (including all state society home pages), publications, resources and software.

9. OPPORTUNITY KNOCKS: CPA ELDERCARE SERVICES  

BY Karen Duggan, George Lewis and Ann Elizabeth Sammon
ASSURANCE SERVICES Is it right for your practice? Opportunity Knocks: CPA ElderCare Services BY KAREN DUGGAN, GEORGE LEWIS AND ANN ELIZABETH SAMMON EXECUTIVE SUMMARY AS CPAs SEEK NEW WAYS TO USE THEIR
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