Are CPA exam study related expenses tax deductable? - Page 3

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    Topic
  • March 8, 2012 at 2:29 am #167817
    Anonymous
    Inactive

    Hi Everyone,

    It might be a silly question to ask, but I am not a tax person myself. I would like to ask for advice on the preparing my own tax return this year. Since I am paying my CPA study expenses on my own, is it possible to deduct those expenses somewhere on the Form 1040 for professional development or continuing education expenses? Any advice appreciated.

    A broke CPA Candidate.

Viewing 15 replies - 31 through 45 (of 56 total)
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  • March 8, 2012 at 7:36 pm #512609
    Minimorty
    Participant

    Hahaha business suits are definitely not deductible. Lol.

    March 8, 2012 at 7:36 pm #512569
    Minimorty
    Participant

    Hahaha business suits are definitely not deductible. Lol.

    March 8, 2012 at 7:42 pm #512611
    jeff
    Keymaster

    I had a client try to run his Rogaine through his business. I always coded it to “draw”. 🙂

    March 8, 2012 at 7:42 pm #512571
    jeff
    Keymaster

    I had a client try to run his Rogaine through his business. I always coded it to “draw”. 🙂

    March 8, 2012 at 8:57 pm #512613
    Anonymous
    Inactive

    Haha, Sorry! I meant “business suits are NOT deductible!” lol

    March 8, 2012 at 8:57 pm #512573
    Anonymous
    Inactive

    Haha, Sorry! I meant “business suits are NOT deductible!” lol

    March 8, 2012 at 9:01 pm #512575
    Anonymous
    Inactive

    I knew someone who wanted to claim expensive hair cuts and french manicures as professional expenses because it was part of maintaining the professional image. LOL, so then I guess I could lease a mercedes and claim that too!

    March 8, 2012 at 9:01 pm #512615
    Anonymous
    Inactive

    I knew someone who wanted to claim expensive hair cuts and french manicures as professional expenses because it was part of maintaining the professional image. LOL, so then I guess I could lease a mercedes and claim that too!

    March 8, 2012 at 9:04 pm #512577
    kmwgrace
    Member

    If it's business use for your own business you actually could claim the depreciation on a Mercedes (or any vehicle). Business suits, hair care (including rogaine), pedicures & manicures on the other hand – not so much. (pun intended!)

    ~ Kate... MTX!
    CPA exam on hold while I homeschool my 6 year old!

    March 8, 2012 at 9:04 pm #512617
    kmwgrace
    Member

    If it's business use for your own business you actually could claim the depreciation on a Mercedes (or any vehicle). Business suits, hair care (including rogaine), pedicures & manicures on the other hand – not so much. (pun intended!)

    ~ Kate... MTX!
    CPA exam on hold while I homeschool my 6 year old!

    March 8, 2012 at 9:51 pm #512578
    Anonymous
    Inactive

    I need facials for my professional appearance!

    March 8, 2012 at 9:51 pm #512618
    Anonymous
    Inactive

    I need facials for my professional appearance!

    March 8, 2012 at 9:57 pm #512620
    kmwgrace
    Member

    I need a weekly massage to maintain my sanity!

    ~ Kate... MTX!
    CPA exam on hold while I homeschool my 6 year old!

    March 8, 2012 at 9:57 pm #512580
    kmwgrace
    Member

    I need a weekly massage to maintain my sanity!

    ~ Kate... MTX!
    CPA exam on hold while I homeschool my 6 year old!

    March 8, 2012 at 10:01 pm #512582
    mla1169
    Participant

    The only you're getting me to buy into all of your scams is if we make Pinot Grigio tax deductible. Then I will go to bat for massages, facials and even business suits.

    FAR- 77
    AUD -49, 71, 84
    REG -56,75!
    BEC -75

    Massachusetts CPA (non reporting) since 3/12.

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