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#3
11-29-2004, 04:50 PM
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 Re: Are tuition and expenses for an executive MBA deductible if ... - quote - > > 1. A full-time professor, not in a business school, gets one?
That refers to deducting these as job related expenses.> > 2. A freelance writer/publisher/PR consultant gets one? > It depends. The general rule is that if it enhances the > skills you use to earn money, it's deductible. If it gives > you new (and I'd imagine different) skills to allow you to > earn money in a field you haven't been able to before, it's > not deductible. But they still could qualify for the tuition & fees dedcution or the lifetime learning credit. __ Art Kamlet ArtKamlet [at] AOL.com Columbus OH K2PZH << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#2
11-26-2004, 02:49 PM
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| Re: Are tuition and expenses for an executive MBA deductible if ... callmekilo[at]earthlink.net (David Kilo) wrote: - quote - > 1. A full-time professor, not in a business school, gets one?
If the degree would qualify either for a new position (and> 2. A freelance writer/publisher/PR consultant gets one? that's the only reason I can think of for getting such a degree), these are personal expenses, no deduction. The tuition and fees exclusion and the Lifetime Learning credit are available, regardless. -- Chris Green << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#1
11-26-2004, 02:11 PM
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| Re: Are tuition and expenses for an executive MBA deductible if ... David Kilo wrote: - quote - > 1. A full-time professor, not in a business school, gets one?
It depends. The general rule is that if it enhances the> 2. A freelance writer/publisher/PR consultant gets one? skills you use to earn money, it's deductible. If it gives you new (and I'd imagine different) skills to allow you to earn money in a field you haven't been able to before, it's not deductible. Stu << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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11-26-2004, 02:11 PM
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| Re: Are tuition and expenses for an executive MBA deductible if ... David Kilo wrote: - quote - > 1. A full-time professor, not in a business school, gets one?
1. Rule of thumb is full-time educators get away with almost> 2. A freelance writer/publisher/PR consultant gets one? anything. I heard of a professor of Psychology getting an MBA and then a Ph.D. in Marketing - he wrote it all off. A CPA can write write-off an MBA course a year as CPE. Have enough licenses and certifications, it can all become CPE. 2. Look into the lifelong learning credit. Dick << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#-1
11-24-2004, 10:20 AM
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| Are tuition and expenses for an executive MBA deductible if ... 1. A full-time professor, not in a business school, gets one? 2. A freelance writer/publisher/PR consultant gets one? << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
| Tags |
| deductible, executive, expenses, mba, tuition |
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