[Show all top banners]

carixma
Replies to this thread:

More by carixma
What people are reading
Subscribers
:: Subscribe
Back to: Kurakani General Refresh page to view new replies
 Who knows? tax expert
[VIEWED 5056 TIMES]
SAVE! for ease of future access.
Posted on 04-09-08 2:17 PM     Reply [Subscribe]
Login in to Rate this Post:     0       ?    
 

Tax question.

Can individual " somehow" deduct his expenses for the "extra" 22 credit needed to qualify for the 150 credit requirement for the CPA exam in tax?


 
Posted on 04-09-08 2:24 PM     Reply [Subscribe]
Login in to Rate this Post:     0       ?    
 

You can deduct upto a certain limit of education credit under lifetime education credit for education which is needed to improve your skills and maitain your job. But the amount is calculated based on your taxable income so doesn't amount much. It can be only a small portion of your total school bill. I hope this help.
 
Posted on 04-09-08 2:30 PM     Reply [Subscribe]
Login in to Rate this Post:     0       ?    
 

i want to know tht if 22 extra credit expenses which is needed to qualify for the 150 credits for cpa can be deducted as "misc itemized deduction".
 
Posted on 04-09-08 2:38 PM     Reply [Subscribe]
Login in to Rate this Post:     0       ?    
 

No, as far as I know because 150 credits is required for you to meet the minimum crietria. So, you can only deduct as an education expense not itemized deduction.
 
Posted on 04-09-08 2:42 PM     Reply [Subscribe]
Login in to Rate this Post:     0       ?    
 

Thank you so much deshbaktanepali. I needed this answer for my bonus points for my tax class. You save my life..
 
Posted on 04-09-08 2:50 PM     Reply [Subscribe]
Login in to Rate this Post:     0       ?    
 

carixma...you still taking tax class?? better transfer to STEM dude. That may better save your life in future. :)
 
Posted on 04-09-08 3:48 PM     Reply [Subscribe]
Login in to Rate this Post:     0       ?    
 

It does not matter how many credits you take, it comes under education.

 If you pass CPA, will be better than STEM.


 
Posted on 04-09-08 4:11 PM     Reply [Subscribe]
Login in to Rate this Post:     0       ?    
 

That's right Once you pass CPA or even you pass some part of CPA you can sell yourself easily.
 
Posted on 04-09-08 4:30 PM     Reply [Subscribe]
Login in to Rate this Post:     0       ?    
 

hehehehehehhehehehehehhehehehehehehheheheheheheheh
 
Posted on 04-09-08 10:45 PM     Reply [Subscribe]
Login in to Rate this Post:     0       ?    
 

So i can deduction as college credit for 22 extra credit but not misc itemized deduction right?
 


Please Log in! to be able to reply! If you don't have a login, please register here.

YOU CAN ALSO



IN ORDER TO POST!




Within last 365 days
Recommended Popular Threads Controvertial Threads
TPS Re-registration case still pending ..
TPS Re-registration
What are your first memories of when Nepal Television Began?
निगुरो थाहा छ ??
ChatSansar.com Naya Nepal Chat
Basnet or Basnyat ??
Sajha has turned into MAGATs nest
NRN card pros and cons?
Toilet paper or water?
TPS EAD auto extended to June 2025 or just TPS?
Biden out, Trump next president, so what’s gonna happen to TPS, termination?
Nas and The Bokas: Coming to a Night Club near you
and it begins - on Day 1 Trump will begin operations to deport millions of undocumented immigrants
मन भित्र को पत्रै पत्र!
Will MAGA really start shooting people?
Democrats are so sure Trump will win
Tourist Visa - Seeking Suggestions and Guidance
From Trump “I will revoke TPS, and deport them back to their country.”
I hope all the fake Nepali refugee get deported
Anybody gotten the TPS EAD extension alert notice (i797) thing? online or via post?
Nas and The Bokas: Coming to a Night Club near you
NOTE: The opinions here represent the opinions of the individual posters, and not of Sajha.com. It is not possible for sajha.com to monitor all the postings, since sajha.com merely seeks to provide a cyber location for discussing ideas and concerns related to Nepal and the Nepalis. Please send an email to admin@sajha.com using a valid email address if you want any posting to be considered for deletion. Your request will be handled on a one to one basis. Sajha.com is a service please don't abuse it. - Thanks.

Sajha.com Privacy Policy

Like us in Facebook!

↑ Back to Top
free counters