Re: Tax Question on Small Business and Write Offs

In article <1190842550.272129.49120@xxxxxxxxxxxxxxxxxxxxxxxxxxxx>,
coded_42 <netsurfer802@xxxxxxxxx> wrote:
Hi:

I have a question on being able to write off college courses for the
business I have. I'm working as a sole proprietary business and it
relates to what I'm going to school-college--for. With the type I'm
work I'm doing I make about $240 or so a week; however, it can be
unsteady where I may not have work for some weeks. In any event, I
was wondering if there would be a way to tell if first it I could
write off anything as far as schooling goes and second about how much
could be written off or how to figure it out.


Often, you are better off with a tax credit than a deduction.

See IRS Publication 970 for education tax credits.

Ae you and employee receiving a W_2 form from your employer?

Or a contractor who files schedule C?


If an employee you probably cannot benefit from claiming
education expenses, even if allowed to do so.


If these courses are o keep current in your established field
or to improve skills in that field, you might have a schedule C
deduction.
--


ArtKamlet at a o l dot c o m Columbus OH K2PZH
.

Relevant Pages

  • Re: Tax Question on Small Business and Write Offs
    ... I'm working as a sole proprietary business and it ... Ae you and employee receiving a W_2 form from your employer? ... Or a contractor who files schedule C? ... sole proprietor. ...
    (misc.taxes)
  • Re: Tax Question on Small Business and Write Offs
    ... I'm working as a sole proprietary business and it ... you are better off with a tax credit than a deduction. ... Ae you and employee receiving a W_2 form from your employer? ... sole proprietor. ...
    (misc.taxes)
  • Tax Question on Small Business and Write Offs
    ... I have a question on being able to write off college courses for the ... I'm working as a sole proprietary business and it ... write off anything as far as schooling goes and second about how much ... Michael C. ...
    (misc.taxes)