Hello

I am starting an S-Corp company in Technology Consulting. Interested in fully deducting the cost of an Exec MBA and it so far meets all the basic eligibility requirements (3-4 key questions). Are there are risks or downsides or things that others have done ? If its largely services revenue - the cost of the revenue over next two years is likely to be the same as the cost of the EMBA. Any tips or inputs or others who have done this ?

Thanks

I am starting an S-Corp company in Technology Consulting. Interested in fully deducting the cost of an Exec MBA and it so far meets all the basic eligibility requirements (3-4 key questions). Are there are risks or downsides or things that others have done ? ===========>>>>>>>>>>> That depends I.R.S.?s rules for deducting work-related tuition were ?complicated and onerous?.you can deduct education costs, in particular, as ?ordinary and necessary? expenses if the education maintains or improves the skills required for your current trade or business. It turns out the rules for M.B.A.?s depend on whether you can prove that you were already established in a certain trade or business before going to get an M.B.A. and that the degree will help them maintain or improve your skills in that specific trade or business. The decisive factor in this case was whether you were already established in your trade or business. the bottom line is that you must analyze your specific circumstances in evaluating whether or not you qualify to take a business tax deduction for graduate school.