Thomas M. Brinker, Jr., CPA/PFS, ChFC, CFE, AEP is Professor of Accounting at Arcadia University in Glenside, Pennsylvania. He also serves as Executive Director for the MBA program and is Program Chair of Accounting, Finance and Business Law for the School of Global Business. He graduated cum laude from Saint Joseph’s University in Accountancy, and holds masters degrees in Taxation and Accounting from Widener University. In addition to earning his J.D., Professor Brinker earned an LL.M. in International Taxation from Regent University School of Law, where he received the distinction of “Outstanding Graduate” in his class. He presents nationally and internationally on various tax topics, and has published dozens of articles in numerous journals, including The Journal of Accountancy, The Journal of International Taxation, The Tax Adviser, The CPA Journal, The Journal of Practical Estate Planning, and The Journal of Financial Services Professionals.
Professor Brinker has received awards for teaching excellence, including the PICPA Educator of the Year Award and the Lindback Foundation Award for Distinguished Teaching, and lectures primarily in the financial accounting and individual tax areas. Prior to co-founding his CPA firm, Mr. Brinker was a member of both the audit and tax departments of Coopers & Lybrand and Arthur Young & Company. He is currently a tax consultant to local CPA and law firms in the Philadelphia area. His practice concentrates in tax planning and compliance for individuals and their businesses as well as tax planning for families with special needs children.
Seminar: “Identifying Tax Traps and Financing Nuances for Families Caring for Children with Special Needs” (1 hour: Taxation)
As the number of children diagnosed with autism, asperger’s syndrome, and other neurological disorders continues to skyrocket (1 in 68 as of March 2014 and 2016), CPAs, financial planners, and lawyers need to understand the deductions and credits available in assisting families in planning for their unique situation. Our session addresses those items that are deductible from adjusted gross income (AGI) to determine taxable income.
In addition to reviewing the general framework in individual tax planning for our families and the definition of a deductible medical expense, our session will focus on some financing nuances associated with this deduction (i.e., retirement planning distributions and home equity loans), the tax benefit rule, and the interaction of the medical expense and home equity deductions, as well as other financing techniques, with the Alternative Minimum Tax (or another scenario if repealed). If time permits, an income tax case study will illustrate the impact of these various provisions.