Self Study Audio: Specialized Knowledge

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Specialized Knowledge Courses

$9.00 each Add to cart

Estate Planning

  • Credits:  1
  • Format: Interactive Self Study Audio-
  • Field of Study: -Specialized Knowledge-
  • Author/Speaker: Art Werner

Available Formats:
Advanced Preparation:None
Experience Level:Basic
Program Prerequisites:General Understanding ofManagement
Course ID:WR-131.23-SA
Published Date:Registered for 2023
COURSE DESCRIPTION

During this course, we will look at the questions you may want to ask a client. This will benefit your ability to better understand your clients' needs and the reason for their decisions.

Who Should Attend:
  • All Certified Public Accountants (CPAs)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:
NASBA


$19.00 each Add to cart

Estate, Gift, and Income Tax Planning for Real Estate

  • Credits:  2
  • Format: Interactive Self Study Audio-
  • Field of Study: -Specialized Knowledge-
  • Author/Speaker: Art Werner

Available Formats:
Advanced Preparation:None
Experience Level:Basic
Program Prerequisites:General Understanding of Estate Taxes
Course ID:EWTFM-U-02014-22-S | 6233-CE-0745 | WR-377.23-SA
Published Date:Registered for 2023

COURSE DESCRIPTION

In times of economic and tax uncertainty, real estate ownership can create frustrations and concerns for your client. The purpose of this course is to assist the practitioner in understanding the complexities that a client faces with regard to real estate ownership, prospective real estate ownership, and the tax issues surrounding their real estate holding and prospective holdings.

Topics include:
  • Real estate as a part of a client's divinified portfolio of investments
  • Understanding the differences revolving around personal real estate vs. investment real estate
  • Understanding valuation issues
  • Understanding titling issues
  • Individual deduction issues, including the interest limitation
  • Business deduction issues
  • At-risk limitations
  • Passive activity rules update
  • How the IRC Section 199A deduction applies to real estate investments
  • Depreciation issues
  • Estate and Gift planning techniques for real estate
  • Proper use of trusts in real estate holdings

Learning Objectives:

After reading the course material, you will be able to:

  • To discuss with the practitioner an understanding of the income, estate, and gift tax issues of various circumstances that a client classifies as bad situations in this COVID-19 environment revolving around a client's real estate (and prospective real estate) holding.

Who Should Attend:
  • All Certified Public Accountants (CPAs)
  • Enrolled Agents (EAs)
  • Other Tax Return Preparer (OTRP)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:
NASBA
IRS
CTEC

$9.00 each Add to cart

Everything that you Need to Know About Portability

  • Credits:  2
  • Format: Interactive Self Study Audio-
  • Field of Study: Specialized knowledge
  • Author/Speaker: Art Werner

Available Formats:
Advanced Preparation:None
Experience Level:Basic
Program Prerequisites:General Understanding of Estate Taxes
Course ID:WR-376.23-SA
Published Date:Registered for 2023
COURSE DESCRIPTION

This course helps the practitioner understand how to make the portability election and how it can provide overall tax benefits to surviving spouses and beneficiaries of estates that fall below the federal estate exclusion amount. We will look at who should and can make the election, how the election is made and how to opt out, the requirements for filing Form 706, and compare the benefits of electing portability to conventional credit shelter trust planning.

Topics include:
  • Defining portability, a.k.a. the deceased spousal unused exemption (DSUE) election
  • How to calculate the DSUE amount
  • Making the portability election
  • Who can and cannot elect portability
  • Review the requirements for completing form 706 when electing portability
  • Making a late election and IRS Section 9100 relief
  • How to opt-out of the election and hazards of not making the election for the client and practitioner
  • Determining thelast deceased spouse for making the election
  • IRS examination issues when making the election
  • Review benefits and drawbacks of the DSUE election vs. conventional credit shelter/asset protection planning - income taxes vs. estate taxes
  • Use of QTIPs and QDOTs
  • A look at state death tax issues

Learning Objectives:

After reading the course material, you will be able to:

  • Discuss options that can be presented to a client so they can decide whether to make the portability election and the mechanics and process of filing form 706 to elect or out-out of electing portability.

Who Should Attend:
  • All Certified Public Accountants (CPAs)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:
NASBA



$9.00 each Add to cart

How to Select a Fiduciary

  • Credits:  1
  • Format: Interactive Self Study Audio-
  • Field of Study: -Specialized Knowledge-
  • Author/Speaker: Art Werner
Available Formats:
Advanced Preparation:None
Experience Level:Overview
Program Prerequisites:General Understanding of Management
Course ID:WR-136.23-SA
Published Date:Registered for 2023
COURSE DESCRIPTION

During this course, we will look at the questions you may want to ask a client. This will benefit your ability to better understand your clients' needs and the reason for their decisions. This allows you the ability to understand why they may or may not agree with some of your recommendations as well as possibly lead you to more options after understanding their needs. Knowing your clients' background will help you address their needs and concerns so when you put a financial plan together with them or advise them of potential asset protections this may both you and your client will have a clearer understanding.

Who Should Attend:
  • All Certified Public Accountants (CPAs)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:
NASBA


$9.00 each Add to cart

Information Security Basic Safeguards for Practitioners

  • Credits:  1
  • Format: Interactive Self Study Audio-
  • Field of Study: -Specialized Knowledge-
  • Author/Speaker: Andrew Clark

Available Formats:
Advanced Preparation:None
Experience Level:Basic
Program Prerequisites:General Understanding of Security
Course ID:EWTFM-T-02009-22-S | 6233-CE-0738 | AC-964.23-SA
Published Date:Registered for 2023
COURSE DESCRIPTION

All CPAs and Tax Practitioners deal with very sensitive client data. Cybercriminals are highly sophisticated, well-funded, and technologically adept at hacking computers and stealing information. CPAs and tax practitioners are some of their most highly desired targets. Cybercriminals desire the client data of all CPAs and tax practitioners. If these cybercriminals can successfully obtain the client information of CPAs and tax practitioners, they can file fraudulent tax returns for refunds, or commit identity theft. As a result, all CPAs and tax practitioners must protect their clients information by protecting their computers, and networks, and taking some simple safety approaches.

This course will define information security, describe the numerous types of threats that exist today and define how to protect your computer systems and networks to keep client data safe.

Learning Objectives:

After reading the course material, you will be able to:

  • Define identity theft and identify how identity theft happens
  • Recognize how CPAs and Tax Professionals are being targeted by cybercriminals
  • Recognize the importance of encrypting client data
  • Identify the importance of creating internal controls and a security plan to protect client data
  • Recognize the actions that must be taken in the event of a breach of sensitive client identity data

Who Should Attend:
  • All Certified Public Accountants (CPAs)
  • Enrolled Agents (EAs)
  • Other Tax Return Preparer (OTRP)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:
NASBA
IRS
CTEC
$9.00 each Add to cart

Planning for Disability

  • Credits:  1
  • Format: Interactive Self Study Audio-
  • Field of Study: -Specialized Knowledge-
  • Author/Speaker: Art Werner
Available Formats:
Advanced Preparation:None
Experience Level:Overview
Program Prerequisites:General Understandingof Management
Course ID:WR-132.23-SA
Published Date:Registered for 2023
COURSE DESCRIPTION

During this course, we will look at the questions you may want to ask a client. This will benefit your ability to better understand your clients' needs and the reason for their decisions. This allows you the ability to understand why they may or may not agree with some of your recommendations as well as possibly lead you to more options after understanding their needs.

Who Should Attend:
  • All Certified Public Accountants (CPAs)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:
NASBA


$9.00 each Add to cart

Traps and Pitfalls in the Estate Planning Process

  • Credits:  1
  • Format: Interactive Self Study Audio-
  • Field of Study: -Specialized Knowledge-
  • Author/Speaker:Art Werner | Anthony Rocca
Available Formats:
Advanced Preparation:None
Experience Level:Overview
Program Prerequisites:General Understandingof Management
Course ID:WR-135.23-SA
Published Date:Registered for 2023
COURSE DESCRIPTION

Here we will focus on traps and pitfalls, the problems that a client faces as they decide how to do a total plan as they incorporate estate and asset protection issues. We can spend many hours talking about the various different traps and pitfalls, but today we are going to focus on six (6) specific traps and pitfalls that we find to be very common in the initial phases of estate planning and show you how that is done with a client.

Who Should Attend:
  • All Certified Public Accountants (CPAs)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:
NASBA


$9.00 each Add to cart

Trusts Living Wills POAs and Tax Considerations

  • Credits:  1
  • Format: Interactive Self Study Audio-
  • Field of Study: -Specialized Knowledge-
  • Author/Speaker:Art Werner | Anthony Rocca
Available Formats:
Advanced Preparation:None
Experience Level:Overview
Program Prerequisites:General Understandingof Management
Course ID:WR-133.23-SA
Published Date:Registered for 2023
COURSE DESCRIPTION

In this course, we will continue looking at disability planning, and some of the financial protections. This course will discuss briefly the medical wills and power of attorneys, medical surrogates, and financial planning for the uncertain future we all face.

Who Should Attend:
  • All Certified Public Accountants (CPAs)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:
NASBA


$19.00 each Add to cart

XBRL Revolutionizing Financial Reporting

  • Credits:  2
  • Format: Interactive Self Study Audio-
  • Field of Study: -Specialized Knowledge-
  • Author/Speaker: Davis Jackson
Available Formats:
Advanced Preparation:None
Experience Level:Overview
Program Prerequisites:General Understandingof Management
Course ID:DJ-121.23-SA
Published Date:Registered for 2023
COURSE DESCRIPTION

XBRL is revolutionizing business and financial reporting around the world. It is a reporting language that electronically communicates business and financial data globally. Besides providing major benefits in the preparation, analysis, and communication of business information, it also offers cost savings, greater efficiency, and improved accuracy and reliability to all those involved in supplying or using financial data claims XBRL International.

Topics include:
  • This course will begin by recapping why and how XBRL came into existence and then defining XBRL.
  • We will next discuss a few of the more common uses of XBRL reporting and some of its benefits.
  • You will then be introduced to how XBRL reporting works through the use of taxonomies and specifications.
  • As part of this process, you will be provided with a glossary of the more common XBRL related terminology.

Learning Objectives:

After reading the course material, you will be able to:

  • Recognize the history of XBRL.
  • Identify the basic XBRL technology.
  • Recognize the definitions of general XBRL terminology.

Who Should Attend:
  • All Certified Public Accountants (CPAs)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:
NASBA