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Author Question: All of the following statements regarding tax treatment of education expensesexcept (Read 35 times)

audie

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on: Sep 13, 2020
All of the following statements regarding tax treatment of education expenses except
◦ Fred, who recently graduated law school, is working in a law firm. The firm requires that he pass the bar exam by a certain date, or he will lose his job. Fred can deduct his cost for the bar exam review course as a miscellaneous itemized deduction (subject to the 2% nondeductible floor).
◦ Sophie is a partner in a CPA firm. She pays out of her own funds to attend an update course on estate and gift tax planning. Sophie can deduct the cost of the course for AGI.
◦ Javier is an associate in a CPA firm. He pays out of his own funds to attend an update course on new FASB standards. Javier can deduct his cost for the course as a miscellaneous itemized deduction (subject to the 2% nondeductible floor).
◦ Iris is an associate in a law firm. She attends an update course on contract drafting, and she is reimbursed by the law firm. There is no effect on Iris' tax return.
Federal Taxation 2017 Individuals ¦ Pope, Rupert, Anderson ¦ 30th Edition
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Marked as best answer by audie on Sep 13, 2020

leeeep

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Reply #1 on: Sep 13, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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audie

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Reply 2 on: Sep 13, 2020
Gracias!

diana chang

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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