Don Farmer's Advanced Schedule A Planning: SALT Caps, AMT & Bunching Strategies
Overview
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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.
Delivery Method: Group internet-based
CPE Credit: Taxes
Program Level: Intermediate
Virginia Society of CPAs is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State Boards of Accountancy have the final authority on the acceptance of individual course for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org
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
Designed For
CPAs and tax professionals involved in the world of tax.
Objectives
Upon completion of this program, participants will be able to:
1. Analyze the impact of the SAL cap and identify planning opportunities to mitigate its effect
2. Evaluate AMT exposure when implementing Schedule A strategies
3. Apply bunching strategies for charitable contributions and medical expenses
4. Distinguish when itemizing versus taking the standard deduction produces optimal tax results
5. Identify common pitfalls and compliance risks in advanced Schedule A planning
Preparation
None
Leader(s):
Leader Bios
Susan Smith
Susan Smith, CPA, manages her own firm specializing in tax planning for individuals and business owners. She spent 14 years as a senior manager in the tax departments of PricewaterhouseCoopers and KPMG. While at PricewaterhouseCoopers, she also held the national specialist designation for the real estate and partnership specialized practice units. While at Peat Marwick, Susan led the real estate and tax practices locally. Susan is a frequent speaker at tax conferences and has been an associate adjunct professor at Widener University in the master's in taxation program. Her ratings have consistently exceeded 4.85 on a scale of 5.0. Since 2008, she received the James L. McCoy Discussion Leader of the Year Award for excellence in teaching five times.
Non-Member Price $109.00
Member Price $89.00