Tax and Financial Planning for Low-Income Clients

1 Hour Illinois MCLE Credit

Course overview: Morton Dorothy is an Illinois attorney who assists people with business organizations, tax matters, and bankruptcy. This course discusses income and related tax laws from the perspective of low income people, including, in addition to welfare mothers, people emerging from rehab centers, people who have quit a job to start a business, older workers bumped out of the work force, and relatively wealthy people living on limited investment income. The course reviews basic tax laws of concern to low-income families and problems related to obtaining and maintaining Social Security coverage. The course suggests strategies for maximizing income tax refunds and controlling self-employment tax to optimize Social Security coverage.