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Reload this Page Tax vs. Part-time graduate school tuition (lawyer, law, expenses)
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Old 02-21-2009, 10:35 PM
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Default Tax vs. Part-time graduate school tuition
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, 08:14 AM
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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, 07:46 PM
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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, 01:33 AM
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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 01:41 AM..
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