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
Nicholas Preusch
Nicholas Preusch, CPA, JD, LLM, is a tax manager with PBMares, LLP, in Fredericksburg, VA, where he works with high wealth individuals and mid- to large-size companies focusing on tax controversy and complex tax issues. In addition, Nicholas is an adjunct professor at the University of Mary Washington. Nicholas has been published in the AICPA’s Journal of Accountancy and Tax Adviser, and in CCH’s Journal of Tax Practice and Procedure. He co-authored the textbook Tax Preparer Penalties and Circular 230 Enforcement, published by Thomson Reuters. Nicholas was named one of the VSCPA’s Top 5 Under 35 in 2017. Prior to joining private practice, Nicholas started his career as an IRS Revenue Agent. He later joined the IRS Office of Professional Responsibility as an enforcement attorney. While at OPR, he was the lead attorney on several milestone cases such as Gass and Pezzo. Nicholas is a graduate of Carthage College, degree in Accounting and Business; he has also earned a Master of Science in Accounting from the University of Connecticut, his JD from Case Western Reserve University, and his LLM in Taxation from Georgetown University.
Non-Member Price $109
Member Price $89
Registration for this event is closed.