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Author: IntenseAnalyst Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121061  
Subject: Help Tax Fool! MBA Educational Expense Date: 2/21/2001 6:08 PM
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Thank you everyone for the great posts on educational expenses. Here's a situation I would like insight on.

What if your employer paid for your MBA, justifying it as an "ordinary and necessary" expense. But now you decide not to return, meaning they want their money back. Assuming that this is a deductible expense, would you deduct the expense for the year you pay back your employer, or would you need to file amended returns for when you actually paid the school?

In that same note, is there anyway that your new employer can repay the old employer without the amount being taxable to the employee?

Thanks for your help, fools.
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