Martin is a tax accountant employed by a public accounting firm He incurs the following expenses CPA review course $ 400 Law school tuition and books 4,000 Accounting continuing education course (travel, fees, and transportation, including meals of $200) 600 Total $5,000 Martin is also a degree can...

a For 2017 400 expense incurred for the CPA review course is nondeductible bec ...

Martin is a tax accountant employed by a public accounting firm. He incurs the following expenses: CPA

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Martin is a tax accountant employed by a public accounting firm. He incurs the following expenses:

CPA review course	$ 400
Law school tuition and books	4,000
Accounting continuing education course (travel, fees, and transportation, including
meals of $200)	600
Total	$5,000

Martin is also a degree candidate at the law school.

a. Which (if any) of these expenditures qualify as deductible education expenses for 2017 and 2018? How are they reported?

b. How ,vould your answers change if Martin were self-employed?

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Federal Taxation 2019 Individuals

ISBN: 9780134739670

32nd Edition

Authors: Timothy J. Rupert, Kenneth E. Anderson

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Question Posted: Jun 02, 2019 07:09 AM

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Martin is a tax accountant employed by a public accounting firm. He incurs the following expenses: CPA

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Federal Taxation 2019 Individuals

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