Re: NWCULAW IS NO GOOD
Posted by Victoria Weaver on 4/20/09
Are you a CPA or a tax preparer? Victoria Weaver On 4/19/09, Linda wrote: > 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.
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