Re: NWCULAW IS NO GOOD
Posted by Linda on 4/19/09
Please, don't trust me on the tax issue. (I only have 15 years of experience in taxes.) Do the research yourself. No deduction is ever possible under section 162. On 4/19/09, Victoria Weaver wrote: > I don't know if that is necessary false. I applied for a tax deduction for my studies at West > Coast School of Law, who is in the same accreditation boat as NWCU Law. Anyone who is not a > lawyer can use this as training for a new job. Not everyone is a patent agent. > > Victoria Weaver > > On 4/19/09, Li nda wrote: >> It still bothers me that they keep the incorrect income tax deduction information on their >> website. If they get something as simple as this wrong, can we have confidence in their >> other legal conclusions? >> >> On 4/19/09, Victoria Weaver wrote: >>> Depends on what you are comparing it against. I think it is, considering that many DL law >>> students get what they put in to online education. What you get at a school like Concord >> is >>> bells and whistles. Concord always brags that students who get a B+ average in thier >>> program pass the bar with flying colors (like 80&37; of the time, I think). If a student >>> actually does the studying at NWCU Law, then yes, they will pass. >>> >>> They have been around a lot longer, and one year they even beat some ABA schools on the >> bar >>> exam (in terms of percentage passing rate). >>> >>> Victoria Weaver >>> >>> On 4/18/09, Karen wrote: >>>> According to the State Bar stats, for the past two years less than one in four of NWCU >>>> graduates have passed the bar on the first attempt. Is this considered pretty good? >>>> >>>> On 4/17/09, Victoria Weaver wrote: >>>>> What do you base that on? Certainly not baby bar or bar passage rate. If you were to >>>>> base it on those, you would have to concede that Concord or Oakbrook are at the top of >>>>> the curve, but you pay through the nose at Concord and Oakbrook requires an in- >>>>> residence requirement. NWCU has pretty good baby bar and bar passage rates, and is >>>> half >>>>> the price of a lot of the other schools. I chose to transfer to NWCU because of the >>>>> good pass rates, the price, and the fact it has been around for a long time. >>>>> >>>>> ALU has high tuition and the bar pass rates are less than stellar. If you were to >>>>> actually give some reasons, then perhaps we might consider agreeing with you. I am not >>>>> one who advocates DETC accreditation, but that is actually another thing against ALU >>>>> (because Taft and Concord have that designation). >>>>> >>>>> Victoria Weaver >>>>> >>>>> >>>>> On 4/17/09, Mel wrote: >>>>>> The only good school is Abraham Lincoln University School of Law. >>>>>> >>>>>> On 4/16/09, Li nda wrote: >>>>>>> A good example of what I was writing follows: >>>>>>> >>>>>>> Question >>>>>>> I have read the general rule of no deduction for law school, but I haven't read >>>>>>> anything for my particular situation. I am a registered patent agent with the >>>>>>> United States Patent and Trademark Office (USPTO). My point is that there is >>>>>>> nothing a patent attorney can do with the USPTO with patents that I cannot do as a >>>>>>> patent agent. I have written patents since 2005, I became a registered patent >>>>>>> agent in 2008, and am now in law school for one reason: increase my earnings >>>>>>> potential. >>>>>>> >>>>>>> When I am finished with law school I am going to be in the same industry and trade >>>>>>> I was before law school. I realize that law school could generally "qualify me >>>>>>> for a new trade or business" but at the same time, law school is not qualifying me >>>>>>> anymore than I am already to work with the USPTO. The USPTO doesn't really care >>>>>>> if I am an agent or an attorney. Both can have clients, both can write the patent >>>>>>> applications, both can file the patent apps with the USPTO, and both can prosecute >>>>>>> the patent apps through several office actions until the application is dropped or >>>>>>> published as a patent. >>>>>>> >>>>>>> So in your opinion, do I have a shot at a legitimate deduction? >>>>>>> >>>>>>> Answer: >>>>>>> Thanks for your question. >>>>>>> >>>>>>> No, you cannot deduct your law school costs. It does qualify you for a new trade >>>>>>> or business whether you ever pursue that or not. The IRS has ruled specifically >>>>>>> in such situations. >>>>>>> >>>>>>> Hope this helps. >>>>>>> >>>>>>> John Stancil, CPA >>>>>>> >>>>>>> >>>>>>> >>>>>>> >>>>>>> >>>>>>> >>>>>>> >>>>>>> On 4/16/09, Li nda wrote: >>>>>>>> First, please excuse the typos. Some, but not all are because the Board >>>>>>>> apparently won't allow some words. I have no reason why but on average one in >>>>>>>> three of my posts go through. >>>>>>>> >>>>>>>> I wasn’t referring to Section 162. But since you brought it up, law school >>>>>>>> expenses are never deductible under 162 because it qualifies a person for a new >>>>>>>> profession. There are dozens if not hundreds of cases in this area and the >>>>>>>> taxpayer always loses. Don’t trust me, research it. Or ask NWCU to give you >>>>>>>> some cases. I did and they couldn’t. >>>>>>>> >>>>>>>> The tax credits are only available to students enrolled in schools that are >>>>>>>> accredited, as defined by the Department of Education. You can view the Taf t >>>>>>>> website for more specific details. >>>>>>>> >>>>>>>> As I wrote earlier, I don't think the NWCU is a bad option for some. But they, >>>>>>>> and you, need to get some facts straight. >>>>>>>> >>>>>>>> The fact that they continue to give incorrect tax info is worrisome. >>>>>>>> >>>>>>>> >>>>>>>> >>>>>>>> >>>>>>>> >>>>>>>> On 4/16/09, Res Ipsa Loco wrote: >>>>>>>>> NWCU is accredited in the sense that it is "registered" with the CBE. (LOL)It is >>>>>>>>> not "accredited" in the sense which you are speaking, but it does not matter. >>>>>> (Except if you want an accredited degree) >>>>>>>>> Do you now (spelled correctly) see my point. The tuition can still be deducted >>>>>>>>> for tax purposes--here is the info from the website: >>>>>>>>> >>>>>>>>> Tax Deduction >>>>>>>>> A tax deduction may be allowed for expenses undertaken to: Maintain or improve >>>>>>>>> skills required in one's employment, trade or business, or Meet specific >>>>>>>>> requirements of an employer or a law imposed as a condition to retention of >>>>>>>>> employment, job status or rate of compensation. (See Treasury Regulation 1. >>>>>>>> 162- >>>>>>>>> 5.) (My tax man is H & R Boock) >>>>>>>>> >>>>>>>>> Do your research, and learn how to spell. I understand that an occasional >>>>>>>> stray >>>>>>>>> key may be hit, but you are incorrectly spelling way too many words in a >>>>>>>> single >>>>>>>>> sentence. It is irritating. >>>>>>>>> >>>>>>>>> Res Ipsa Loco >>>>>>>>> >>>>>>>>> >>>>>>>>> >>>>>>>>> On 4/16/09, Li nda wrote: >>>>>>>>>> Tree but NWCU is NOT accredited. Do you know see my point. >>>>>>>>>> >>>>>>>>>> On 4/15/09, Res Ipsa Loco wrote: >>>>>>>>>>> Tax credits can be used from any accredited school. There are no strong >>>>>>>>>>> points in your argument. NWCU Law is the best around in terms of quality >>>>>>>>>>> and price. >>>>>>>>>>> >>>>>>>>>>> Res Ipsa Loco >>>>>>>>>>> >>>>>>>>>>> >>>>>>>>>>> On 4/15/09, L inda wrote: >>>>>>>>>>>> I stand corrected with respect to con cord. But T aft is not three >>>>>>>>>>>> times and factoring in tax credits the difference is not all that much >>>>>>>>>>>> >>>>>>>>>>>> On 4/14/09, GET NEW INFORMATION wrote: >>>>>>>>>>>>> On 4/13/09, Linda wrote: >>>>>>>>>>>>>> Based on information I received from all three school, the bar pass >>>>>>>>>>>>>> rate over the past five years is lower at NWCU than the other two >>>>>>>>>>>>>> accredited schools. And according to the websites, the tuition is >>>>>>>>>>>>>> not three times as much. >>>>>>>>>>>>>> >>>>>>>>>>>>>> Linda >>>>>>>>>>>>>> >>>>>>>>>>>>> >>>>>>>>>>>>> >>>>>>>>>>>>> NWCU is 2850 a year for starters, Concord is 9k+, so I your right.... >>>>>>>>>>>> it >>>>>>>>>>>>> is more than 3 x's as much and as far as bar passage rates again you >>>>>>>>>>>> are >>>>>>>>>>>>> wrong especially w/ regard to the FYLSE... go to calbar.org >>>>>>>>>>>>> >>>>>>>>>>>>> >>>>>>>>>>>>> >>>>>>>>>>>>> >>>>>>>>>>>>>>>> >>>>>>>>>>>>>>>>>>> >>>>>>>>>>>>>>> >>>>>>>>>>>>>>> On 4/12/09, Linda wrote: >>>>>>>>>>>>>>>> You could do worst than Northwestern but I suggest that you also >>>>>>>>>>>>>>>> check out the other schools, particularly COn cord and Taf t. >>>>>>>>>>>>>>>> Both offer Federal student aid. >>>>>>>>>>>>>>>> >>>>>>>>>>>>>>>> >>>>>>>>>>>>>>>>>> >>>>>>>>>>>>>>>>>> On 4/11/09, questions wrote: >>>>>>>>>>>>>>>>>>> I am considering Northwest California Law School for a >>>>>>>>>>>>>>>>>>> distance learning Law degree. I can not move at this >>>>>>>>>>>>>>>>>>> time, I can not quit my job, I have a family who needs me >>>>>>>>>>>>>>>>>>> home. I live in Maine and I am about 6 hours from the law >>>>>>>>>>>>>>>>>>> school. Has anyone gone/going to NWCULAW? I understand it >>>>>>>>>>>>>>>>>>> is unaccredited with the ABA and I understand all I must >>>>>>>>>>>>>>>>>>> do to pass the bar and practice law later. Any help would >>>>>>>>>>>>>>>>>>> be great thanks so much.
Posts on this thread, including this one
- Distance law school Northwest California NWCULAW, 4/11/09, by questions.
- Re: Distance law school Northwest California NWCULAW, 4/11/09, by Maryanne.
- Re: Distance law school Northwest California NWCULAW, 4/12/09, by questions.
- Re: Distance law school Northwest California NWCULAW, 4/12/09, by Linda.
- Re: Distance law school Northwest California NWCULAW, 4/13/09, by prezcott.
- Re: Distance law school Northwest California NWCULAW, 4/13/09, by Linda.
- Re: Distance law school Northwest California NWCULAW, 4/14/09, by GET NEW INFORMATION .
- Re: Distance law school Northwest California NWCULAW, 4/15/09, by L inda.
- Re: Distance law school Northwest California NWCULAW, 4/15/09, by Res Ipsa Loco.
- Re: Distance law school Northwest California NWCULAW, 4/16/09, by Li nda.
- Re: Distance law school Northwest California NWCULAW, 4/16/09, by Res Ipsa Loco.
- Re: Distance law school Northwest California NWCULAW, 4/16/09, by Li nda.
- Re: Distance law school Northwest California NWCULAW, 4/16/09, by Li nda.
- Re: NWCULAW IS NO GOOD, 4/17/09, by Mel.
- Re: NWCULAW IS NO GOOD, 4/17/09, by Victoria Weaver.
- Re: NWCULAW IS NO GOOD, 4/18/09, by Karen.
- Re: NWCULAW IS NO GOOD, 4/19/09, by Victoria Weaver.
- Re: NWCULAW IS NO GOOD, 4/19/09, by Li nda.
- Re: NWCULAW IS NO GOOD, 4/19/09, by Victoria Weaver.
- Re: NWCULAW IS NO GOOD, 4/19/09, by Linda.
- Re: NWCULAW IS NO GOOD, 4/20/09, by Victoria Weaver.
- Re: NWCULAW IS NO GOOD, 4/20/09, by Linda.
- Re: NWCULAW IS NO GOOD, 4/20/09, by Go pay more....
- Re: NWCULAW IS NO GOOD, 4/20/09, by Mel.
- Re: NWCULAW IS NO GOOD, 4/21/09, by ....
- Re: NWCULAW IS NO GOOD, 4/21/09, by whatever.
- Re: NWCULAW IS NO GOOD, 4/21/09, by Linda.
- Re: NWCULAW IS NO GOOD, 4/21/09, by head in the sand.
- Re: NWCULAW IS NO GOOD, 4/21/09, by Taxboy.
- Re: NWCULAW IS NO GOOD, 4/21/09, by Linda.
- Re: NWCULAW IS NO GOOD, 4/21/09, by Laurence.
- Re: NWCULAW IS NO GOOD, 4/21/09, by Linda.
- Re: NWCULAW IS NO GOOD, 4/21/09, by wanna be CPA.
|