Nurse Outduels IRS Over M.B.A. Tuition
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. Read the full story here.
I can't believe it. Someone actually beat the IRS. I guess it's time to start greeting those extraterrestrial beings that have been living among us. Hey where do you think the microwave, GPS and the cell phone came from.
-Al
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