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It's the feel good story of the day. I know I could never have fought against the odds she did.
http://online.wsj.com/article/SB1000...965101664.html
Nurse Outduels IRS Over M.B.A. Tuition
How One Woman Went to Tax Court and Won Deduction
By LAURA SAUNDERS
A Maryland nurse accomplished two rare feats in her battle with the Internal Revenue Service: She defended herself against the agency's lawyers and won, and she got a ruling that could help tens of thousands of students deduct the cost of an M.B.A. degree on their taxes.
The U.S. Tax Court handed Lori Singleton-Clarke her victory last month, saying the 47-year-old Bryantown, Md., woman had properly deducted nearly $15,000 in business school tuition. The Tax Court ruling should make it easier for many other professionals to deduct the expense of a Master in Business Administration degree.
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Melissa Golden for The Wall Street Journal Lori Singleton-Clarke, at her Maryland home, says she 'still can hardly believe' her Tax Court victory.
After getting word of the court decision, "I nearly yelled the roof off the house," Ms. Singleton-Clarke says. "I still can hardly believe it."
http://online.wsj.com/article/SB1000...965101664.html
Nurse Outduels IRS Over M.B.A. Tuition
How One Woman Went to Tax Court and Won Deduction
By LAURA SAUNDERS
A Maryland nurse accomplished two rare feats in her battle with the Internal Revenue Service: She defended herself against the agency's lawyers and won, and she got a ruling that could help tens of thousands of students deduct the cost of an M.B.A. degree on their taxes.
The U.S. Tax Court handed Lori Singleton-Clarke her victory last month, saying the 47-year-old Bryantown, Md., woman had properly deducted nearly $15,000 in business school tuition. The Tax Court ruling should make it easier for many other professionals to deduct the expense of a Master in Business Administration degree.
More
- Court Decision Raises Hope for Other Students
- Decision: Lori A. Singleton-Clarke v. Commissioner; T.C. Summ. Op. 2009-182; No. 27975-07S.
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Melissa Golden for The Wall Street Journal Lori Singleton-Clarke, at her Maryland home, says she 'still can hardly believe' her Tax Court victory.
After getting word of the court decision, "I nearly yelled the roof off the house," Ms. Singleton-Clarke says. "I still can hardly believe it."
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