Making the Best of Bad Situations: Tax Planning in a COVID-19 Environment

Making the Best of Bad Situations: Tax Planning in a COVID-19 Environment

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Category:
ACPEN Industry Institute | ACPEN Tax Institute | Tax
Faculty:
Arthur Werner
Course Levels:
Basic
Duration:
8 Hrs
License:
Access for 30 day(s) after program date.

This course helps the practitioner understand planning considerations and potential problems when certain “bad situations” happen to his/her client. Updated for COVID-19 issues, this course will explore a variety of bad situations and provide the practitioner an understanding of the tax and non-tax circumstances to be considered when advising a client who is experiencing a bad situation in these trying times.

**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 [email protected].

Basic Course Information
Major Subjects
The effect COVID-19 on a client’s total financial, estate, and asset protection plan
Understanding the issues revolving around the death of a client
Understanding medical issues
Understanding the tax and non-tax issues in divorce
Understanding the tax and non-tax issues in personal bankruptcy, cancellation of debt, foreclosure, repossession, and reporting of bad debts
Understanding the tax and non-tax issues of personal relationship matters, such as living together, property rights, premarital agreements, filing status, exemptions, and dependents
Understanding the support issues for spouses and former spouses
Understanding support issues for children of divorced or separated parents and the tax treatment of back child support
Understanding the business issues involved when the parties to a business breaks apart
Special issues, such as marital property rules, married versus unmarried tax rate comparisons, head of household status, and treatment of refunds and deficiencies

Learning Objectives
To provide the practitioner an understanding of the tax and non-tax issues of various circumstances that a client classifies as bad situations in this COVID-19 environment

Important CPE Credit Information_READ BEFORE WEBCAST UPDATED (0.47 MB) Available after Purchase
IRS CE Credit Request Form (137 KB) Available after Purchase
Making the Best of Bad Situations_Handout (9.8 MB) 52 Pages Available after Purchase

Arthur Werner
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.

Making the Best of Bad Situations: Tax Planning in a COVID-19 Environment