Description
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.
MAJOR TOPICS
* 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
Objective
* 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
Advanced Preparation
None
Required Knowledge
Participants should have a strong working knowledge of individual income taxation, including itemized deductions, AMT concepts, and high-income taxpayer planning considerations, along with familiarity with current guidance from the Internal Revenue Service.
Who Should Attend
CPAs and tax professionals involved in the world of tax.
Credit Types
- CPE – Taxes
Event Speaker(s)
Registration Fees
| Registration | Type | Price |
|---|---|---|
| WF000726: Registration – Member | Mem | $89 |
| WF000726: Registration – Non-Member | NM | $109 |
The North Carolina Association of Certified Public Accountants 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 final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org/.For information regarding refund, complaint, program cancellation or other policies, visit our Registration Policies page or call 800-469-1352.