federal taxes

Benjamin Jones is a new staff accountant for Local Firm CPAs, LLC.

Benjamin is taking a CPA exam review course to help him prepare for the

exam. Benjamin is not reimbursed for the cost of the course ($2,500), but

the firm expects him to take and pass the CPA exam.

Realizing that you have recently been hired by another local firm that

specializes in tax accounting, Benjamin requests your advice on whether he

may deduct the cost of the CPA Review Course on his federal income tax

return for the year.

Research the tax law and write Benjamin a brief memo of no more than two

pages, in which you communicate the results of your research. Use the

format for communicating research findings modeled on page A-6 of your textbook

for your memorandum. Identify relevant statutory, regulatory, and judicial

authorities and discuss how these authorities affect your conclusion concerning the

deductibility of Benjamin’s CPA exam review course expense.