Can an S-Corp deduct tuition expense for a child of the sole owner. The owner can employee their child for the summer.

bobj1945 · ‎May 31, 2019

SweetieJean · ‎May 31, 2019

Also see these:

http://www.bankrate.com/finance/taxes/deducting-the-cost-of-education.aspx

https://www.irs.gov/pub/irs-pdf/p15b.pdf

SweetieJean · ‎May 31, 2019

Based on this and your other questions, you may wish to see a local professional who can explain all the S Corp nuances to you.

SweetieJean · ‎May 31, 2019

<a rel="nofollow" target="_blank" href="https://www.irs.gov/businesses/small-businesses-self-employed/s-corporations">https://www.irs.gov/bu...>
<a rel="nofollow" target="_blank" href="http://smallbusiness.chron.com/can-deducted-scorp-20120.html">http://smallbusiness.chron.com/can-ded...>

SweetieJean · ‎May 31, 2019

<a rel="nofollow" target="_blank" href="http://www.scorporationsexplained.com/s-corporation-employ-the-owner-spouse.htm">http://www.scorpora...>

TaxGuyBill · ‎May 31, 2019

I agree, you are wasting your time and money if you are not going to a tax professional.

In answer to your question, unless the corporation is also reimbursing tuition for A LOT of non-related employees, NO.

SweetieJean · ‎May 31, 2019

Also see these:

http://www.bankrate.com/finance/taxes/deducting-the-cost-of-education.aspx

https://www.irs.gov/pub/irs-pdf/p15b.pdf

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Can an S-Corp deduct tuition expense for a child of the sole owner. The owner can employee their child for the summer.

Can an S-Corp deduct tuition expense for a child of the sole owner. The owner can employee their child for the summer.

Can an S-Corp deduct tuition expense for a child of the sole owner. The owner can employee their child for the summer.

Can an S-Corp deduct tuition expense for a child of the sole owner. The owner can employee their child for the summer.

Can an S-Corp deduct tuition expense for a child of the sole owner. The owner can employee their child for the summer.

Can an S-Corp deduct tuition expense for a child of the sole owner. The owner can employee their child for the summer.

Can an S-Corp deduct tuition expense for a child of the sole owner. The owner can employee their child for the summer.

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Can an S-Corp deduct tuition expense for a child of the sole owner. The owner can employee their child for the summer.

Can an S-Corp deduct tuition expense for a child of the sole owner. The owner can employee their child for the summer.

Can an S-Corp deduct tuition expense for a child of the sole owner. The owner can employee their child for the summer.

Can an S-Corp deduct tuition expense for a child of the sole owner. The owner can employee their child for the summer.

Can an S-Corp deduct tuition expense for a child of the sole owner. The owner can employee their child for the summer.

Can an S-Corp deduct tuition expense for a child of the sole owner. The owner can employee their child for the summer.

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