Nursing homes have been terminating Medicare coverage of those that do not show improvement in health. My Elder shares what you need to know. Read more…
Navigating the Elder Care Universe
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Written by Jack Halpern Leave a Comment
Nursing homes have been terminating Medicare coverage of those that do not show improvement in health. My Elder shares what you need to know. Read more…
Photo Credits Martin Van-Denheuvel and K-Mitch Hodge
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Recently quoted in an article by AARP on helpful tips to negotiate surprise medical bills. In the end, if you’re certain you’re correct about your medical bills but keep getting denied by your providers, dig in your heels. You should never give up the fight! Read more>>
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Year-End Tax Planning in Uncertain Times
Perry A. Shulman, CPA
Elizabeth Forspan, Esq.
There is always a certain degree of guesswork that goes into year-end tax planning. This year, with the uncertainty surrounding what the tax code will actually look like after Washington completes the overhaul of our tax system, the guesswork is, to borrow a word from our President, HUGE. The income tax rates for many individuals and businesses may decrease. However, the definition of income subject to tax may change considerably as well. Many itemized deductions that we have become so used to, such as the deduction for qualified medical expenses, state and local income taxes, real estate taxes and miscellaneous itemized deductions may be eliminated. However, if the resulting new rules resembles the proposals put forth by the President, there will be a doubling of the standard deduction and the possible elimination of the controversial Alternative Minimum Tax. Below are some tax-planning suggestions, which consider both the typical year-end planning techniques as well as planning for a potential overhaul:
Perry A. Shulman, CPA is the Managing Partner of his highly respected East Rockaway Long Island based tax consulting practice. He advises high-net-worth individuals, business owners and entrepreneurs in various areas including income and estate and trust planning and administration. Mr. Shulman addresses professional organizations and has been quoted in various national news and professional publications. Perry may be contacted at p.shulman@pascpa.com.
Elizabeth Forspan, Esq. is the Managing Attorney of Ronald Fatoullah & Associates, a law firm that focuses on estate planning, elder care and Medicaid planning, guardianships, probate, estate litigation and taxation. Elizabeth can be contacted at 1-877-ESTATES or eforspan@fatoullahlaw.com.
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NY Managed Long Term Care Companies (MLTC) Are Killing Elders By Refusing Mandated Services. – My Elder Advocate, LLC
The New York Legal Assistance Group has filed a federal class action lawsuit in the Eastern District of New York to challenge threatened and actual reductions in Medicaid-funded home care services. Named Plaintiffs and the class they seek to represent are people with disabling conditions who need home care services to remain safely in their homes and communities.