berkeleydb1[at]gmail.com wrote:

- quote -

You don't say which state you are in, but in California it
would be illegal for them to do that. Yes, you probably owe
them the money, unless you left work for a very good reason.
But they can't just take it out of your pay check.

Stu

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My employer paid for some training (a software class) in
2005. I signed a document saying that my training would be
paid for over a long period of time by the company, provided
I stayed employed by them.

In 2006, I left the company. They took the cost of the
training, around $3200, out of my last paychecks, calling it
a loan repayment.

My questions are:

1. Since this "loan" was for professional training, can I
deduct it from my 2006 taxes as an unreimbursed expense?

2. If it is deductible, is it a deduction for the year I
took the training (2005) or the year it was taken from my
paycheck (2006) ?

Can anyone refer me to any particular IRS documentation that
would cover this training/employer "loan" issue? I want to
make sure I do this correctly and have an IRS reference to
fall back on.

<< ================================================== ===== > << 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 posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >