How much did you have saved up by the time you were 17?
1.42837823823 trillion?
How much did you have saved up by the time you were 17?
Which is that ?
I was told the same thing from my CPA.
Qualifying Work-Related Education
You can deduct the costs of qualifying work-related education as business expenses. This is education that meets at least one of the following two tests.
The education is required by your employer or the law to keep your present salary, status, or job. The required education must serve a bona fide business purpose of your employer.
The education maintains or improves skills needed in your present work.
However, even if the education meets one or both of the above tests, it is not qualifying work-related education if it:
Is needed to meet the minimum educational requirements of your present trade or business, or
Is part of a program of study that will qualify you for a new trade or business.
You can deduct the costs of qualifying work-related education as a business expense even if the education could lead to a degree.
Use Figure 12-1, Does Your Work-Related Education Qualify as a quick check to see if your education qualifies.
LOL he's not gonna have anything close to that experience at CMU, unless he knows some people at Pitt. And if he spends too much time in that scene, he won't make it through the first year at CMU.
I did not mean at CMU I meant at a university known for easy girls and great parties hopefully somewhere in California or south Carolina
at least the universities in europe aren't like that at all
Again, not a cpa but do your own research before talking to professionals as well. Read this:Publication 970 (2011), Tax Benefits for Education
Even got a nice little flow chart for you visual learners:www.irs.gov/publications/p970/25221v05.html
Qualifying Work-Related Education
You can deduct the costs of qualifying work-related education as business expenses. This is education that meets at least one of the following two tests.
The education is required by your employer or the law to keep your present salary, status, or job. The required education must serve a bona fide business purpose of your employer.
The education maintains or improves skills needed in your present work.
However, even if the education meets one or both of the above tests, it is not qualifying work-related education if it:
Is needed to meet the minimum educational requirements of your present trade or business, or
Is part of a program of study that will qualify you for a new trade or business.
You can deduct the costs of qualifying work-related education as a business expense even if the education could lead to a degree.
Use Figure 12-1, Does Your Work-Related Education Qualify as a quick check to see if your education qualifies.
It was a few years ago and I finished my degree on my own dime anyway but based on that wording, I see why I was advised against it. Seems like a guaranteed audit.
CLKeenan, I don't get you exactly, maybe because system works differently here.
Are you advising me to talk to CPA to show my education as business expenditure to get relieved from taxes ? In India I pay zero taxes, right, zero. Only have to pay my accounts-guy 300$/year and then I don't have to pay a single penny.
why do you need to get a 'degree' in anything ?
you do not need a degree to know how to program. most of the best programmers I know are 100% self taught and never even completed hs or went to college...
Goto the casino and put 100k on Black. If you win, give me 5% commission. If you lose, go cry in a corner and get back to programming.
To add to this I won't hire a coder with a degree in programming. They fucking SUCK
why do you need to get a 'degree' in anything ?
you do not need a degree to know how to program. most of the best programmers I know are 100% self taught and never even completed hs or went to college...
Goto the casino and put 100k on Black. If you win, give me 5% commission. If you lose, go cry in a corner and get back to programming.
Or maybe the good ones don't want a job making the kind of stuff you want![]()
Nah we interviewed 30-40 dif coders and they all sucked.