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Expenses of education
Anthony can deduct the cost of Florida bar review course as an education expense since he is already a lawyer by previously passing the Massachusetts bar exam. The expense for education can be any expenditures made by individuals for education that may include a research taken as part of the educational program. Education can be complex but here are examples of what can be deducted. These include: tuition fee, enrolment fee, expenses paid with loans and inheritance and what cannot be deducted are things such as room, insurance, medical expenses and many more. Education is useful since it improves skills needed by an individual in their employment field or in business. Deductive educational expenditure can also be used to meet the individual’s requirements for an employment or to meet an applicable law imposed to an individual in the certain field.
Anthony took a Florida bar review course to maintain and improve his skills. Under this category, expenditure of education is important to people in employment or the individual who are refreshing a course to improve on themselves like what Anthony did. Also traveling away from home, they are various expenditure which is deductible to get the education expense. This depends on the main reason for traveling away from home. First, if one travels to get an education, then his or her expenditure for travel, lodging, and meals are deductible and section 119 is applicable. For example, in a case where employee travel to a certain city to take a new course which is a requirement from the employer. In case this person falls ill while in training and travel to the nearest hospital, then the travels expenses are deductible. On the other case, Mr. Ezra a mathematics teacher travels to California University during summer time to take a math’s course. The expense which is deductible is the math course only. In case he uses his personal time to carry out some activities like playing golf, the expenses are not deductible.
On the other hand, if a person travels away from home on personal business the expenditure on meals and lodging are not deductible if he or she spent time in deductible education. Anthony had traveled to Florida for personal business and hence he decided to participate in a deductible education. In case the meal and lodging are furnished to employee it shall hence be excluded from their income according to section 119 of IRC. But when meals are furnished without charge, we can conclude that this is done for the convenience of employer. The conditions of furnishing meals on the company premises of employer such as a hospital, the value of meal should be satisfied for the convenience of employee and hence to be deducted from employees salary.
In conclusion, the cost of Florida bar review taken by Anthony was an education expense. This is because. He is already a lawyer and he took the course to improve and maintain his skills. This enabled him to successfully open a second law office. He had also traveled away from home to Florida City where he took a deductible education. In case Anthony spent some of his personal time doing other activities other than education, then the expenses of these activities were not deductible. These activities may include meals, travelling, a place to sleep, swimming at beach and many others.