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Making the Best of Bad Situations: Part 2 (Death of Client, Terminal Illness, Foreclosure, Debt Relief)


Total Credits: 2 including 2 Taxes - Technical

Average Rating:
   11
Categories:
ACPEN Industry Institute |  ACPEN Tax Institute |  Industry |  IRS Approved |  Tax
Faculty:
Arthur Werner |  Anthony J. Rocca, J.D.
Course Levels:
Update
Duration:
2 Hours
License:

Dates


Description

This course helps the practitioner understand planning considerations and potential problems when certain "bad situations" happen to his/her client. The focus of this course is on tax and non-tax issues involving the death of a client, terminal illness, foreclosure, debt relief, damages and medical expenses.

 

**Please Note:  If you need credit reported to the IRS for this IRS approved program, please download the IRS CE request form on the Course Materials Tab and submit to leighanne.conroy@acpen.com.

Basic Course Information

Learning Objectives

*Recognize the tax and non-tax issues of various circumstances that a client classifies as bad situations pertaining to Death of a Taxpayer

*Recognize the 10% AGI threshold for medical expenses on a tax return mean for the taxpayer

*Identify planning for the reduction of death taxes and making sure a beneficiary does not waste an inheritance

*Identify which area could cause the most problems under a tax deferral of retirement income

*Recognize the limitations of Form 1040, Schedule A

*Recognize basis for beneficiaries

*Identify the basic exclusion amount that a decedent can pass through an untaxed estate

*Describe the Helping Families Save Their Homes Act

*Identify the best way to handle medical expenses when the client has passed away

*Identify the DSUE amounts available

*Describe the due date and when it's wise to make a portability election

*Identify a non-taxable damage award and when it applies

*Recognize how to best deduct legal expenses


Major Subjects

*Death of a Client

*Terminally Ill Issues

*Foreclosure Issues

*Debt Relief 

*Medical Expenses

*Schedule A and AGI Limitations

*Casualty Losses

*"Pease" Limitations


Course Materials

Faculty

Arthur Werner's Profile

Arthur Werner Related Seminars and Products

Werner-Rocca Seminars, Ltd.


Arthur Joseph Werner, JD, MS (Taxation), is the president and is a shareholder in the lecture firm of Werner-Rocca Seminars, Ltd. Mr. Werner’s lecture topic specialties include business, tax, financial and estate planning for high net worth individuals.  In addition, Mr. Werner is an adjunct professor of taxation in the Master of Science in Taxation program at the Philadelphia University.  Mr. Werner received his B.S. in Accounting and his M.S. in Taxation from Widener University. He holds a J.D. in Law from the Delaware Law School.


Mr. Werner lectures extensively in the areas of Estate Planning, Financial Planning, and Estate and Gift Taxation to Certified Public Accountants and Financial Planners, and has presented well in excess of 2500 eight-hour seminars over the past twenty-five years as well as numerous webinars and video presentations. Mr. Werner has been rated as having the highest speaker knowledge in his home state of Pennsylvania by the Pennsylvania Institute of Certified Public Accountants, was awarded the AICPA Outstanding Discussion Leader Award in the State of Nevada, the Florida Institute of CPAs Outstanding Discussion Leader Award, and the South Carolina Association of CPAs Outstanding Discussion Leader Award.


Anthony J. Rocca, J.D.'s Profile

Anthony J. Rocca, J.D. Related Seminars and Products


Anthony is a shareholder in the lecture firm of Werner-Rocca Seminars, Ltd. Anthony is also a lawyer admitted to practice in both the Commonwealth of Pennsylvania and the State of New Jersey. His offices are in Philadelphia, Pennsylvania. His areas of practice include corporate business transactions, estate planning and administration and tax matters. Anthony received his B.A. in Political Science from the Pennsylvania State University. He holds a J.D. from Temple University School of Law.

Anthony lectures extensively in the areas of protection of assets, preservation of wealth, business transactions and other tax matters. He has presented more than 1000 eight-hour seminars to various state accounting societies and other organizations, including stock brokerage houses, financial planners, and insurance agents, in educating their clients in various planning techniques and tax issues. He has also presented numerous webinars and video presentations.


Additional Info

Basic Course Information

Prerequisites None
Advanced Preparation None
Designed For *CPAs *EAs *Attorneys *Financial Planners
Original Recording Date 05/08/2017
Yellow Book No
Course Developer Arthur Werner
Date Added to Catalog 05/04/17

Additional Information

Complaint Resolution Policy Please contact Anne Taylor for any complaints. anne.taylor@acpen.com, (972-377-8199).
Official Registry Statement

Business Professionals' Network, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org


Instructional Delivery Method Group Internet Based
Course Registration Requirements Online Registration
Refund/Cancellation Policy Please contact the ACPEN help desk 1-877-602-9877 or help@acpen.com if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer.

Reviews

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Overall:      4.6

Total Reviews: 11