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 Topic: CPA exam expenses ( Topic Closed)
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Shingi
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Joined: 12 Mar 2008
Online Status: Offline
Posts: 79
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| Posted: 19 Mar 2009 at 20:48 | IP Logged
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IRS states and I quote- Bar or CPA Review Course
"Review courses to prepare for the bar examination or
the certified public accountant (CPA) examination are
not qualifying work-related education. They are part of
a program of study that can qualify you for a new
profession."
Therefore such expenses do not qualify under-" Business
Deduction for Work-Related Education."
But what about claiming a deduction under - "Tuition and
Fees Deduction", is it disqualified as a deduction,
because becker/wiley do not qualify as "Eligible
educational institution." per IRC.
Why are the examination fee paid to accountancy Board
too, not deductible?
-S
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CPA-hopeful
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Joined: 09 Nov 2008
Location: United States
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Posts: 254
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| Posted: 19 Mar 2009 at 22:51 | IP Logged
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They should be. I've certainly put enough money out in exam fees AND study materials!!!
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Shingi
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Joined: 12 Mar 2008
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Posts: 79
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| Posted: 20 Mar 2009 at 16:30 | IP Logged
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Well I just wanted to know why examination fee is
disallowed. But after studying the provisions, hmmmm,
CPA exam fee/ review course are pretty different in
character from tuition fee.
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