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Old 03-23-2007, 09:12 AM
bono9763@yahoo.com
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Default Re: deduct conference expenses for graduate student

"Karl Magdono" <kmagd...[at]yahoo.com> wrote:

- quote -

> I am a PhD student and have accepted a position to be a
> faculty member this coming fall.
> I am filing itemized deductions.
> This past year, I attended several academic conferences
> related to my field. Conferences are an important of
> academia, particularly when one is on the job market,
> because so much of one's success depends on networking and
> having name recognition. At some of the conferences I
> interviewed, at others I presented, and at others I simply
> networked and attended sessions. I am wondering if I can
> deduct the expenses for some or all of the conferences, even
> though technically I was not strictly required to attend the
> conferences.
> Would it be more appropriate to claim these expenses as
> job-related overnight travel expenses, or as job search
> expenses? Does the fact that I am currently a graduate
> student and soon to be a professor mean that my occupation
> is changing, and thus the expenses are not deductible as job
> search expenses, or is my "occupation" broadly defined for
> tax purposes as an academic/educator?


Both job hunting and business expenses get reported in the
same place: Misc. Itemized Deductions subject to 2% of AGI.
They are legitimate job expenses, so I would report them
that way. You will have to do Form 2106 if you want to take
meals expenses, as only 50% of these are deductible.

<< ================================================== ===== > << 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. > << ================================================== ===== >
  #-1  
Old 03-21-2007, 04:27 PM
Karl Magdono
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Posts: n/a
Default deduct conference expenses for graduate student

I am a PhD student and have accepted a position to be a
faculty member this coming fall.

I am filing itemized deductions.

This past year, I attended several academic conferences
related to my field. Conferences are an important of
academia, particularly when one is on the job market,
because so much of one's success depends on networking and
having name recognition. At some of the conferences I
interviewed, at others I presented, and at others I simply
networked and attended sessions. I am wondering if I can
deduct the expenses for some or all of the conferences, even
though technically I was not strictly required to attend the
conferences.

Would it be more appropriate to claim these expenses as
job-related overnight travel expenses, or as job search
expenses? Does the fact that I am currently a graduate
student and soon to be a professor mean that my occupation
is changing, and thus the expenses are not deductible as job
search expenses, or is my "occupation" broadly defined for
tax purposes as an academic/educator?

<< ================================================== ===== > << 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. > << ================================================== ===== >
 

Tags
conference, deduct, expenses, graduate, student
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