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Is an MBA Deductible?

You can deduct as an "employee business performing essentially the same tasks, an
expense" the cost of education that is MBA does not qualify one for a
(1) expressly required by an employer, by professional certification or license.The
law, or by government regulation, or (2) cost of the MBA degree was
maintains or improves skills required in deductible.NO:A taxpayer had been
your current trade or business.Education employed by several financial firms as a
is not deductible if it (1) is the "financial analyst". In the investment
minimum requirement for a trade or banking industry a financial analyst is a
business, or (2) prepares one for a new temporary position which usually does not
trade or business, even if the taxpayer last more than 2 or 3 years. An MBA
does not intend to enter that trade or degree is a requirement for an
business.Deductible expenses include-* "associate", which is a permanent
tuition, textbooks, registration fees, position. The taxpayer received a Master
and supplies,* round-trip transportation of Management degree, the equivalent of
to the education,* meals (at 50%) and an MBA, and obtained a position in the
lodging while away from home,* lab fees, general management program of a
student cards, insurance and degree management firm.The Tax Court, in Will M.
costs, and* writing expenses for term McEuen III wt. ux. v. Commissioner, T.C.
papers and dissertations (i.e. research Summary Opinion 2004-107, found that-*
and typing).Are the costs of obtaining a The taxpayer enrolled in the degree
Masters in Business Administration (MBA) program to meet the minimum education
or equivalent degree deductible as a requirement for an associate in the
business expense? According to the Tax investment banking industry; and* The
Court - Yes and No.YES:A taxpayer was degree qualified for a new trade or
employed to sell sports-related products business because the education allowed
because of his prior experience in sports the taxpayer to perform significantly
medicine. In the course of his job he different tasks than those performed
performed management, marketing and prior to enrollment in the program.The
financial tasks. Encouraged by his cost of the degree was not deductible.As
employer, he enrolled in an MBA program is often the case in tax law, the
in the hopes of "moving up the ladder". "deductibility" of an MBA degree depends
As a result of his studies he was on the "facts and circumstances" of the
promoted.The Tax Court, in D.R. Allemeier individual situation.If you cannot deduct
Jr, T.C. Memo 2005-207, found that-* the cost of acquiring an MBA as a
Encouraging the taxpayer to obtain an MBA business expense, all is not lost. You
degree as a means of advancing through may be able to claim a deduction or
the company did not amount to a "minimum credit for a part of the tuition and fees
requirement" for promotion, and neither elsewhere on the return. But that is the
did the fact that the taxpayer actually topic for another article.Robert Flach is
advanced as a result of the MBA program;* a tax professional with 34 tax seasons of
The MBA degree did not prepare the experience preparing 1040s for
taxpayer for a new trade or business, as individuals in all walks of life. He
he was already performing managerial and writes THE WANDERING TAX PRO weblog ( the
financial tasks before enrolling in the NJ TAX PRACTICE BLOG ( and the tax
program, and, while he was promoted as a planning and preparation website which
result of the MBA studies, he did not provides a wealth of tax advice and
change the basic nature of his duties; information. He also writes and
and* While a degree that qualifies a publishes THE FLACH REPORT, a quarterly
taxpayer for a professional certification tax newsletter. The above article is
or license, such as a law degree, may from the Winter 2005 issue of THE FLACH
prepare him for a new trade or business REPORT.
even though he had previously been




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