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Old 02-21-2009, 09:35 PM
 
90 posts, read 468,478 times
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Has anyone had experience deducting part-time grad school tuition as business expenses?

How do I know which CPA is more experienced in handling this?

If you have any recommended CPA in the area, please let me know, or PM me... Thanks a bunch!

CR
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Old 02-22-2009, 07:14 AM
 
37,313 posts, read 60,051,988 times
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From my understanding unless your job REQUIRES that you do this to keep your job, you can't deduct it

but I am not a CPA

just remember you can put anything on that tax form as a deduction--does not mean it will be allowed to stand...
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Old 02-22-2009, 06:46 PM
 
119 posts, read 515,391 times
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it sounds like a big red flag for audit. i too am not a cpa but he/she might know better.
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Old 02-23-2009, 12:33 AM
 
3,853 posts, read 12,885,819 times
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Quote:
Originally Posted by loves2read View Post
From my understanding unless your job REQUIRES that you do this to keep your job, you can't deduct it

but I am not a CPA

just remember you can put anything on that tax form as a deduction--does not mean it will be allowed to stand...
Yes that is exactly right. The school expense has to be DIRECTLY related to keeping your job. Getting a graduate degree does NOT apply. Even if it is like you work in a law firm as a junior lawyer and you need a graduate degree to become a lawyer.



Not a CPA, yet but studying currently to be a CPA. Hopefully I'll be a CPA in a couple years.

Last edited by killer2021; 02-23-2009 at 12:41 AM..
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