The IRS Just Won a Tuition-Deduction Case Against an MBA. Are You Next?

Rollins College Courtesy Rollins College

Last week, the U.S. Tax Court ruled that a Rollins College MBA named Adam Hart owes the U.S. Internal Revenue Service more than $2,500 in back taxes after he improperly deducted more than $17,000 in tuition expenses from his 2009 tax return. Accountants says that it’s unusual for the IRS to challenge tuition deductions. Still, if you’re an MBA thinking about getting creative with your taxes, you’ll want to take note of a case that could embolden the IRS to go after more students.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.