Friday, September 9, 2005
We beat the MSM to the punch last week when we blogged the Tax Court's decision in Allemeier v. Commissioner, T.C. Memo. 2005-207 (8/31/05), which permitted a saleman of orthodontic appliances to deduct the expenses of obtaining an M.B.A. Recent MSM commentary on the case includes:
- Yesterday's Wall Street Journal: Tax Court Ruling Allows Deduction On M.B.A. Degree (quoting Robert Willens (Lehman Brothers): "After all we've seen in the past couple of years, [this case] seems to swing the pendulum back a little bit.")
- Today's Chronicle of Higher Education: Court Ruling Could Help Some M.B.A. Students Get Tax Deductions for Tuition Costs (quoting a dashing midwestern tax professor: "[The case is] a surprise ... [It] credited an approach that had failed in previous cases [and] helps all people in his situation. This puts another finger on the scale.").