Instructor
Arthur Werner
Instructor
Arthur Joseph Werner, J.D., M.S. (Taxation)
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 a former 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 more than 3000 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.
This course focuses on the income tax and estate tax considerations that arise after a client’s death, with an emphasis on identifying planning opportunities and avoiding common pitfalls. Participants will examine the preparation of the decedent’s final Form 1040 and the estate’s Form 1041, along with key elections and reporting decisions.
The course emphasizes practical post-mortem strategies, including timing of income and deductions, use of elections, and coordination between the estate and beneficiaries to achieve optimal tax results.
At the end of this course, you will be able to:
• Identify filing requirements and responsibilities for the decedent’s final Form 1040 and the estate’s Form 1041
• Explain post-mortem income tax planning opportunities, including timing of income and deductions
• Apply rules related to fiscal year selection and IRC §645 elections
• Distinguish tax treatment of estate income, distributions, and beneficiary reporting
• Identify key estate tax elections, including alternate valuation, QTIP, and portability
• Final Form 1040 filing considerations
• Estate income taxation and Form 1041
• Fiscal year selection and IRC §645 election
• Income distribution planning and tax brackets
• Basis step-up and IRD considerations
• Estate tax elections including IRC §2032, §2032A, and QTIP
• Portability and DSUE planning
• Additional post-mortem planning strategies
Basic understanding of estate planning
CPAs, EAs, attorneys, financial planners, insurance agents, and bankers
