Mobile Edition

Making the Best of Bad Situations: Part 2 (Death of Client, Terminal Illness, Foreclosure, Debt Relief) (ACMBOB05)

Date:Monday, December 11, 2017
Time:11:00AM - 12:40PM
(Registration at 10:30AM)
Facility:Webcast or Webinar, Online
CPE Credit:2.0 Technical Business
Instructors: Anthony Rocca Arthur J. Werner
Course Level:Update
Early Bird Price:$79.00 FICPA Members, $109.00 Non-Members

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


  • 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 Topics:

  • Death of a Client

  • Terminally Ill Issues

  • Foreclosure Issues

  • Debt Relief 

  • Medical Expenses

  • Schedule A and AGI Limitations

  • Casualty Losses

  • "Pease" Limitations

    Who Should Attend:
    *CPAs *EAs *Attorneys *Financial Planners


    Advanced Preparation:


    If listed below, select the appropriate sessions or options to continue with your purchase.

    Registration Status: CLOSED - Online registration for this course is now closed. Please contact the Member Service Center at (800) 342-3197 if you wish to inquire about registering.