dpb <12c81uua8bcpu21[at]corp.supernews.com> wrote:
- quote -

Well, this is certtainly not definitive but see page 11 of
the 2005 Form 1040 instructions.
__
Art Kamlet ArtKamlet [at] AOL.com Columbus OH K2PZH

<< ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >

A.G. Kalman wrote:
- quote -

....
- quote -


My point was that publications I found on changes for 2006
and later still linked to the 2005 version--which is why I
was led to believe the Tuition and Fees Deduction was still
available for OP as well as potentially for amended returns
of previous years. So, in this case, finding that it was
still the current Pub didn't help.

<< ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >

dpb wrote:
- quote -

Any time you want a current pub you can just search for:
2005 Pub 970 site:irs.gov (this is how Google specifies
the site). The first or second hit will be the current
version. Early next year you can change the search to say
2006 or you can just go to http://www.irs.gov/pub/irs-pdf/
The irs-pdf folder is the one that keeps the most current
version. All prior versions are maintained at
http://www.irs.gov/pub/irs-prior/

If you use an FTP client, the IRS server is at 66.77.65.248.
The default folder is /pub/ and you would use an anonymous
login.

<< ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >

A big 'thank you' to all who have responded! Unfortunately,
we don't qualify for pub 970 deduction/credit... :-( (Sorry,
I didn't think to include that information in the original
post.) Hence, I'm trying to see if it can somehow be filed
under 'business expenses' on a new Sch. C that we would start
filing for her. Any thoughts?

Thank you again!

<< ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >

Arthur Kamlet wrote:
- quote -

I missed that and was unable to find a reference to that--in
checking to see if my Pub 970 was superceded, I found that
the copy of Pub 970 I linked to at irs.gov is dated 1995,
but is still referenced in other works referring to changes
in '96 and later...that doesn't prove anything, of course,
other than IRS web site is less than user-friendly
sometimes...

<< ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >

- quote -

CCH tax news for July 19, at:
http://tax.cchgroup.com/news/headlin...nws71906.htm#1
indicates a trailer tax bill is in the works for this year,
which we can hope might include a renewal of the Tuition and
Fees deduction.

<< ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >

Arthur Kamlet wrote:
- quote -

I agree with Art on the above, but since the OP indicated
that his wife had taken several courses in the past, the
Tuition and Fees Deduction may still be available to him on
amended returns for the past several years (2003 - 2005). At
this time, the deduction does not exist for tax year 2006.

<< ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >

dpb <1153114226.918100.77130[at]m73g2000cwd.googlegroups.com> wrote:

- quote -

That used to be true is the good old days when there was such
a thing as the Tuition & Fees Deduction. But that deduction
expired after 12/31/05 and I am not aware it showed up in any
new bills.

__
Art Kamlet ArtKamlet [at] AOL.com Columbus OH K2PZH

<< ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >

gsargucci[at]netscape.net wrote:

- quote -

classes...

- quote -


See Publication 970 for tuition and expenses deduction
rules. It's available at

http://www.irs.gov/publications/p970/index.html

In general, may be able to deduct _qualified_ education
expenses for your spouse if you file jointly or if she files
separately, she can on her return. The qualified expenses
must be for higher education but the restrictions are not on
whether the student is actively engaged in the field of
study or not, but on specifics of to whom the fees are paid
and whether they are required or not and various other
arcana.

The tuition and fees deduction can reduce the amount of your
income subject to tax by up to $4,000 and is taken as an
adjustment to income. Thus you can claim this deduction even
if you do not itemize. This deduction may be beneficial to
you if you cannot take either the Hope or lifetime learning
credit because your income is too high. You should also look
into the Hope or lifetime learning credits and compute which
provides the lowest net tax to you as you can select which
is most favorable.

In short, the answer is "probably" but you don't need even
to itemize (Schedule A), what more try to make them
business-related. Now, if you have other deductible
business expenses that can be taken against business income,
that's a different reason to go to the effort.

<< ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >

- quote -

She might be eligible for the lifetime learning credit (or
the tuition and fees deduction prior to 2006) without any
business connection. See IRS Publication 970 for the
eligibility rules.

Bob Sandler

<< ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >

gsargucci[at]netscape.net wrote:

- quote -

See Pub 970 and the chapter on the Lifetime Learning Credit.
It does not require that the education be used in the
furtherance of a business.

<< ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >

Hi,

Quck question about the following scenario:

- Spouse used to work in profession A and stopped about 6 years
ago.
- Spouse has since completed several semesters at an acreddited
institution towards a certificate in profession B (completely
unrelated to profession A; no tuition fees have been ever
deducted; no Schedule C for profession B has ever been filed),
- Spouse beginning to do some odd jobs in profession B; some
for a small fee ($500/year), some 'pro bono'.
- Spouse continuing to take classes towards a certificate in
profession B.

Question:
Normally, given the small total of resulting income, we would
not file a Sch. C. Is there any way to deduct her tuition
moving forward by making her business and related education
more official (via a Sch. C, demonstrated income, etc.)?

Thank you all in advance!

<< ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >