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Old 01-12-2010, 01:12 PM
NinjaPoodle NinjaPoodle is offline
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Woman beats IRS over MBA tuition Reduction

http://finance.yahoo.com/taxes/artic...dvice_strategy

WALL STREET JOURNAL
by Laura Saunders
Monday, January 11, 2010

How One Woman Went to Tax Court and Won Deduction

A Maryland nurse accomplished two rare feats in her battle with the Internal Revenue Service: She defended herself against the agency's lawyers and won, and she got a ruling that could help tens of thousands of students deduct the cost of an M.B.A. degree on their taxes.

The U.S. Tax Court handed Lori Singleton-Clarke her victory last month, saying the 47-year-old Bryantown, Md., woman had properly deducted nearly $15,000 in business school tuition. The Tax Court ruling should make it easier for many other professionals to deduct the expense of a Master in Business Administration degree.

**click the link to read the rest**
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