Global CPE proudly presents our Key West Seminars for 2023 for CPAs and EAs with Art Werner!

June 26th 2023

“Trusts” - Everything you Never needed to Know

• Prerequisites: None
• NASBA Category: Taxes
• Delivery Method: Live Seminar / In Person
• Instructor: Art Werner
• Advanced Preparation: None
• CPE Credits: 8
• Level: Update

Course Description:

Many practitioners would like to develop an estate planning practice. The problem that many of these individuals face when taking an estate planning CPE course is that they cannot find a course that explains the basics of the topic in a manner that can be applied to practice development and practical ideas. Certain entities are created for planning purposes. These entities are separate and apart from individuals or businesses. This course deals with both the planning issues for client needs (estate, financial, and asset protection) as well as the basics of fiduciary income tax compliance.

Highlights:

• Introduction & Definitions
• The Basics of Compliance
• Subchapter J of the internal revenue code
• What questions to ask in a first interview with a potential client
• An overview of how the federal estate tax law works
• Ten most common estate planning mistakes
• Tips and valuable tools for gathering information from a client
• Five steps to computing the federal estate tax
• Detailed overview of all components of the federal estate tax
• How to compute the federal gift tax; technical definition of a gift
• Rules governing the income taxation of trusts and estates
• How to determine basis
• What a disclaimer is and when to use such a device; tax implications of a disclaimer
• When to use IRC Section 6166 (extension of time to pay federal taxes) and its requirements
• How to use the marital/non-marital trust as a planning tool
• How the mechanics of the power of appointment trust, bypass (family) trust, and QTIP trust work
• When to use a revocable trust; impact of putting investment real estate in a revocable trust
• How the terms of a will are decided
• Compliance
• Advanced Issues

Learning Objectives:

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

• Define Estate for state purposes.
• Define Estate for Federal Purposes.
• Define Probate.
• Define Executor.
• Define Trusts.
• State when to file form 1040.
• State the tax considerations in trusts.
• Identify the 1041 Tax rate schedule.
• Identify the benefits of a Section 645 Election.
• State the charitable issues.
• Determine the Mechanical calculation of DNI.

June 27th 2023

Secure Act 2.0 Everything That You Need To Know

• Prerequisites: None
• NASBA Category: Taxes
• Delivery Method: Live Seminar / In Person
• Instructor: Art Werner
• Advanced Preparation: None
• CPE Credits: 8
• Level: Update

COURSE DESCRIPTION

Congress was EXTREMELY busy in late December 2022! During this lame-duck session, Congress was able to pass SECURE 2.0, which is essentially the original SECURE Act that was passed in late 2019. There are over 50 tax-related provisions within SECURE 2.0 that an advisor needs to be able to master. This course will provide the participant with everything that they need to know about SECURE 2.0 so that they will be able to better serve their clients’ retirement planning needs.

Topics include:

• Mandatory Automatic Enrollment
• Credit For Small Employer Pension Plan Startup Costs
• Enhancement Of The Saver’s Credit
• Increase In Starting Age For RMDs
• Indexing IRA Catch-Up
• Higher Catch-Up Limit Age 61, 62, 63, And 64
• Student Loan Payments As Elective Deferrals For Matching Contributions
• Start-Up Credit Costs For Employers Joining An Existing Plan
• Financial Incentives For Contributing To a Plan
• Withdrawals For Certain Emergency Expenses
• SIMPLE Plan changes
• Starter 401(K) Plans
• Sec 529 Plan To Roth Rollovers
• Emergency Savings Accounts
• Enhancement of 403(B) Plans
• Qualified Charitable Distributions to Split Interest Entity
• Retirement Savings Lost and Found
• And more!

Objective:

To provide the participant with everything that they need to know about SECURE 2.0 so that they will be able to better serve their clients’ retirement planning needs.

June 27th 2023

The Tax Aspects of Cryptocurrency

• Prerequisites: None
• NASBA Category: Taxes
• Delivery Method: Live Seminar / In Person
• Instructor: Art Werner
• Advanced Preparation: None
• CPE Credits: 8
• Level: Update

Course Description:

Cryptocurrency can be a very confusing issue for a client in both compliance and planning. This course will assist the practitioner in understanding the tax aspects of cryptocurrency from a Federal compliance standpoint.

Learning Objectives:

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

• To provide tax practitioners with an understanding of the tax aspects of cryptocurrency from a Federal compliance standpoint..

Topics Include:

• Introduction to cryptocurrency
• Understanding the term “blockchain”
• Various types of cryptocurrency
• Why cryptocurrency is popular
• Investment attributes of cryptocurrency
• Tax aspects of cryptocurrency
• Position of the Internal Revenue Service
• Understanding Notice 2014-21 (IRS Virtual Currency Guidance)
• Understanding Notice 2014-21 FAQs
• Compliance issues
• Charitable issues
• Internal Revenue Service enforcement

Federal Tax Update - Individual (credits: 8)

December 13th 2023

Individual Federal Tax Update Course Description

• Prerequisites: Experience in preparing individual tax returns.
• NASBA Category: Taxes
• Delivery Method: Live Seminar / In Person
• Instructor:Art Werner
• Advanced Preparation: None
• CPE Credits: 8
• Level: Update

Course Description:

This course is essential for tax practitioner who wants to update their knowledge of individual income taxation. This course will provide a comprehensive review of Form 1040 and schedules A-F, SE, 2106, 1099, and 1098 complexities, including, updates of tax legislation and planning strategies to better assist your clients. This year has already given us Secure Act 2.0, are they done we doubt it. How can you better prepare your client for next year? When filing what strategies can I take advantage of for my client? You have the questions; Art has answers for you. An update is an update, this class will give you much, much, more…

Learning Objectives:

To provide participants with both an update and instructions so that the participants will have the necessary knowledge to complete IRS Form 1040 for the tax season and be able to offer tax planning strategies to their clients.

Highlights:

• Review of essential IRC Sections
• Review of new legislation
• New credits, deductions, and tax relief
• Alternative Minimum Tax issues
• Individual retirement plan issues
• Review of COVID Bills, Secure Act, and their impact
• Required minimum distributions
• Income and exclusions from cancellation of debt
• Reporting foreclosures or repossessions of residences and other real estate
• Secure Act 2.0

Federal Tax Update - Business (Credits: 8)

December 14th 2023

Business Federal Tax Update Course Description

• Prerequisites: Experience preparing tax returns.
• NASBA Category: Taxes
• Delivery Method: Live Seminar / In Person
• Instructor: Art Werner
• Advanced Preparation: None
• CPE Credits: 8
• Level: Update

Course Description:

This year has already seen some changes in tax law with Secure Act 2.0 and we will most likely see some more whether we want it or not. This course will provide a comprehensive review of business income tax complexities, including updates of tax legislation, and planning strategies, and will be essential for the tax practitioner who wants to update their knowledge of business income taxation to assist their clients better. As we look at all the changes made over the year, we will discuss the options your client has to get the most out of their return. This course will cover a broad range of topics you won’t want to miss.

Learning Objectives:

To provide participants with both an update and instructions so that the participants will have the necessary knowledge to complete IRS Form 1099’s, 1041, 706, 1065, 1120, 1125 A, and 1125 E (business issues) and various business income tax returns for the tax season.

Highlights:

• Review of essential IRC Sections
• Review of new legislation
• Schedule C and Schedule F issues
• Schedule E Issues
• Partnership issues, K-2, K-3, 1116 and 1118
• Corporation issues
• LLC issues
• Qualified retirement plan issues
• IRC 280
• 199A Pass-Through Broken down
• Secure Act 2.0
• Current Tax Topics

December 15th 2023

Current Tax Laws & Hot Topics

• Prerequisites: None
• NASBA Category: Taxes
• Delivery Method: Live Seminar / In Person
• Instructor: Art Werner
• Advanced Preparation: None
• CPE Credits: 8
• Level: Update

Course Description:

Coming Soon!

Learning Objectives:

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

• To provide information and updates to the new laws and hot topics in the industry.

Topics Include:

• Current Tax Law or hot topic here