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September 13, 2010
Medicaid Home Care - NYC
It has come to our attention that CASA has begun requiring that applicant's applying for community Medicaid coverage need to complete a Resource Verification Attestation form. This form requires that the applicant/representative check off the type of coverage that is being requested.
Your choices are:
1. All Medicaid Covered Care and Services (checked when one is seeking Medicaid Nursing Home benefits and is providing the worker with a full 56 month history).
2. Community Coverage with Community-Based Long-Term Care (when one is seeking Home Care Services but has a higher skilled need in the home).
3. Community Coverage without Long-Term Care (your standard community Medicaid).
Treasury Official Hint at Possible Estate Tax Fix
Obama administration officials are considering a proposal to allow taxpayers to elect to apply 2009 rules to their 2010 estate tax bills, a Treasury Department official said in an interview that aired September 12.
This option could prove appealing to taxpayers who have inherited estates worth less than the $3.5 million estate tax exemption for 2009 but more than $1.3 million. The current law repeals the estate tax entirely but allows a basis step-up for only $1.3 million of the estate's assets, not for the entirety of the estate as under the 2009 law. Thus, heirs of decedents dying in 2010 may exempt only $1.3 million of capital gains when they dispose of the property and must calculate capital gains tax using the decedent's basis in the property.
Vincent J. Russo & Associates, P.C.
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TEAM RUSSO
A Community Resource
We are giving a number of free seminars in September, October and November in Nassau and Suffolk counties for seniors and people with special needs. Contact us for our seminar listings or go to our website for more information.
Register online or call Judy Murdaugh-Jackson at 800-680-1717 |
