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O/O and Tuition reimbursement

Discussion in 'Trucker Taxes and Truck Financing' started by PharmPhail, Mar 1, 2009.

  1. Mar 1, 2009 #1
    PharmPhail

    PharmPhail Road Train Member

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    I had a question/idea to float.

    I have a substantial amount in student loans to be repaid over a period of 10 years.

    I was wondering if my company can institute an education reimbursement program by which the company pays the student loans and can therefore deduct it as a business expense.

    It is in the neighborhood of $1600 a MONTH.
     
    PharmPhail, Mar 1, 2009
    PharmPhail, Mar 1, 2009
    #1
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  3. Mar 1, 2009 #2
    lostNfound

    lostNfound Road Train Member

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    Google North Carolina Association of Certified Public Accountants

    Google North Carolina Tax Attorney Lawyers
     
    Last edited by a moderator: Mar 2, 2009
    lostNfound, Mar 1, 2009
    lostNfound, Mar 1, 2009
    #2
  4. Mar 1, 2009 #3
    PharmPhail

    PharmPhail Road Train Member

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    "Google is your friend". Yeah I know. I have about 10 unopened solicitations from CPA's on my desk alone. I will hire one in the next month or so but wondering if anyone's already done this or knows offhand.
     
    PharmPhail, Mar 1, 2009
    PharmPhail, Mar 1, 2009
    #3
  5. Mar 1, 2009 #4
    lostNfound

    lostNfound Road Train Member

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    The better question is, "Has anyone already done this and successfully passed an IRS audit?" Also, remember that a tax lawyer has client confidentiality privileges that an accountant doesn't. :biggrin_255:
     
    lostNfound, Mar 1, 2009
    lostNfound, Mar 1, 2009
    #4
    PharmPhail Thanks this.
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