Don Farmer's Advanced Schedule A Planning: SALT Caps, AMT & Bunching Strategies
2.00 Credits
Member Price $89
Non-Member Price $109
Overview
This course provides an advanced analysis of Schedule A planning strategies in a post-TCJA environment. Participants will examine the SALT deduction limitation, alternative minimum tax (AMT) interactions, charitable contribution timing, and medical expense planning. Through real-world examples, the course emphasizes how to optimize itemized deductions using bunching strategies, state tax workaround considerations, and timing techniques for high-income taxpayers.
Highlights
- Schedule A planning considerations under current federal tax law
- SALT deduction limitation; application of the SALT cap
- Alternative minimum tax (AMT) implications
- Charitable contribution planning including timing and bunching strategies
- Medical expense deduction planning including threshold requirements
- Itemized deductions versus the standard deduction
- Compliance considerations and common pitfalls I advanced Schedule A planning
Prerequisites
None
Designed For
CPAs and tax professionals involved in the world of tax.
Objectives
- Analyze the impact of the SAL cap and identify planning opportunities to mitigate its effect
- Evaluate AMT exposure when implementing Schedule A strategies
- Apply bunching strategies for charitable contributions and medical expenses
- Distinguish when itemizing versus taking the standard deduction produces optimal tax results
- Identify common pitfalls and compliance risks in advanced Schedule A planning
Preparation
None
Leader(s):
Leader Bios
Sue Smith, Surgent McCoy CPE, LLC
Sue Smith, CPA manages her own firm specializing in tax planning for individuals and business owners and is also a frequent speaker at tax conferences. Smith was a Senior Manager in the tax departments of Price Waterhouse and Peat Marwick (the predecessor of KPMG). While at Price Waterhouse, she also held the national specialist designation for the real estate and partnership tax practices. During her time at Peat Marwick, Smith led the real estate and tax practices locally. She was an associate adjunct professor at Widener University in the master’s taxation program. Her ratings have consistently exceeded 4.7 on a scale of 5.0. Smith is a two-time recipient of the James L. McCoy Discussion Leader of the Year Award for excellence in teaching. And in 2015, she received the Surgent Outstanding Discussion Leader Award because of her consistently high evaluations for knowledge and presentation skills. Smith earned her Bachelor of Business Administration degree, with an accounting concentration, from the University of Toledo.
Non-Member Price $109
Member Price $89