Income tax issues affecting the elderly


The amount you pay is not fixed.


No one likes to pay taxes. We all have to deal with them in our business or personal lives. ElderCare of RI, LLC offer services designed to help you make dealing with them as painless as possible. We analyze the alternatives and help you achieve your individual and business tax compliance needs with the most favorable tax effect.

Eldercare of RI, LLC offer answers to your most complex individual and business situations.

Special Tax Issues of the Elderly

  • Inclusion of social security
  • Medical deductions
  • Household help
  • Capital home improvements
  • Nursing homes
  • Home nursing services
  • Deductibility of long-term care insurance
  • Sale of primary residence

Key Tax and Accounting Services

  • Preparation of financial statements on an annual, quarterly, monthly basis, as needed by client
  • Designing, training, and maintenance of accurate record-keeping systems
  • Income tax planning
  • Business consulting services
  • Preparation of all individual and business tax returns
  • Preparation of estate and trust tax returns
  • Bookkeeping functions
  • Payroll and sales tax compliance reporting

Key ElderCare Services

  • Financial, tax and routine bookkeeping services
  • Advanced planning
  • Long-term care insurance
  • Social security and veterans benefits
  • Medicare and Medicaid
  • Protecting assets
  • Bill paying
  • Receive and deposit cash receipts
  • Submit claims to insurance companies
  • Confirm accuracy of provider bills
  • Protect elderly from predators by controlling checkbook and other assets
  • Ensure expected revenues are received
  • Income tax planning and preparation
  • Prepare trust and gift tax returns
  • Estate tax planning and return preparation
  • Prepare employment tax returns for caregivers and household help
  • Evaluate alternative costs of housing
  • Review and analyze financial transactions and test for adherence to established criteria
  • Review investments and trust activity and test for adherence to established criteria
  • Verify third-party calculations, such as pension payments, insurance payments, and other annuity payments insurance planning

To contact us call (401) 781-4217 or email below.

Contact Us



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