Posts Tagged: tuition deduction

Devastating Blow to Graduate Researchers

Posted by & filed under Accounting Information Systems, Accounting Principles, Advanced Accounting, All Articles, Auditing, Cost Accounting, Financial Accounting, Income Taxes, Intermediate Accounting, Managerial Accounting, Uncategorized.

According to the New York TImes, Republicans in the House of Representatives have just passed a tax bill that would devastate graduate research in the United States. Questions: 1. What would be the result if universities try to cover the tuition that will now be taxed for graduate students? 2. How does the American public… Read more »

Not a good argument

Posted by & filed under Accounting Principles, Advanced Accounting, All Articles, Auditing, Cost Accounting, Financial Accounting, Financial Reporting and Analysis, Financial Statement Analysis, Fraud Accounting, IFRS, Intermediate Accounting, International Accounting, Managerial Accounting.

In a ruling on December 23, 2013, the U.S. Tax Court denied a Florida MBA student, with little work experience the claim for deduction of his tuition costs as a business expense. Questions: 1. What was the concentration (major area of study) of the student’s MBA degree? 2. What was the amount of the bill… Read more »

Tax breaks disappearing in 2014

Posted by & filed under Accounting Principles, Advanced Accounting, All Articles, Auditing, Cost Accounting, Financial Accounting, Financial Reporting and Analysis, Financial Statement Analysis, Intermediate Accounting, Managerial Accounting.

Unless Congress extends the tax deductions that are set to expire at the end of 2013, credits and deductions benefiting everyone from teachers and students to homeowners are scheduled to expire. Questions: 1. Which of these eight deductions will affect you personally? 2. Which of these eight deductions will affect your parents and other family… Read more »