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dc.contributor.advisorJohnson, Lindaen_US
dc.contributor.authorNester, Patricken_US
dc.date.accessioned2015-08-31T21:55:20Z
dc.date.available2015-08-31T21:55:20Z
dc.date.issued1993
dc.identifier.urihttp://commons.lib.niu.edu/handle/10843/13770
dc.description.abstractTo determine whether an education expense is deductible, taxpayers must examine a series of tests. The first test determines whether the education qualifies under Section 162 as a trade or business expense. To pass this test, the taxpayer must be engaged in a trade or business and the education must have a direct and proximate relationship to the individual's skills required in his or her profession. If the taxpayer does not satisfy both criteria, then the education is considered personal in nature and is not deductible. If the individual satisfies both criteria, then another set of tests are analyzed. The second test is often ref erred to as the disqualifying test. Under this test, if the education is required to meet the minimum educational requirements or if it is part of a program of study that qualifies the taxpayer for a new trade or business, then the education expense is never deductible. Educational expenses that survive the disqualifying test are then analyzed using the third and final test often referred to as the qualifying test. The two criteria of the qualifying test allow an expenditure to be deductible provided the education maintains or improves the skills required in the taxpayer's business or is required to maintain the individual's current employment status.en_US
dc.format.extent32 pagesen_US
dc.language.isoen_USen_US
dc.publisherNorthern Illinois Universityen_US
dc.rightsNIU theses are protected by copyright. They may be viewed from Huskie Commons for any purpose, but reproduction or distribution in any format is prohibited without the written permission of the authors.en_US
dc.subjectEducation expensesen_US
dc.subjectSection 162en_US
dc.titleDeductibility of Educational Expensesen_US
dc.type.genreDissertation/Thesisen_US
dc.typeTexten_US
dc.contributor.departmentDepartment of Accountancyen_US
dc.description.degreeB.A. (Bachelor of Arts)en_US


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