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From: Clay on 25 Feb 2010 10:14
On Feb 25, 1:52 am, Dirk Bell <bellda2...(a)cox.net> wrote:
> On Feb 24, 10:31 pm, Clay <c...(a)claysturner.com> wrote:
>
>
>
>
>
> > On Feb 24, 6:16 pm, Dirk Bell <bellda2...(a)cox.net> wrote:
>
> > > On Feb 24, 12:10 pm, Clay <c...(a)claysturner.com> wrote:
>
> > > > On Feb 24, 12:04 pm, Rob Gaddi <rga...(a)technologyhighland.com> wrote:
>
> > > > > On Wed, 24 Feb 2010 07:09:08 -0800 (PST)
>
> > > > > Clay <c...(a)claysturner.com> wrote:
> > > > > > [snip]
>
> > > > > > I think it is harder now. The cost of tuition has gone up much faster
> > > > > > than the amount of assistanceship. Now we have had big budget cuts in
> > > > > > the state and the universities have annouced more fee increases.. But
> > > > > > sounds like you got a great deal. Back then I had an employer who paid
> > > > > > my undergraduate degree and then my teaching during grad school paid
> > > > > > for that.
>
> > > > > > Clay
>
> > > > > A friend of mine working for a large company that rhymes with Eneral
> > > > > Geletric says that not only do they cover her grad school tuition (up
> > > > > front, not as a reimbursement), but that she also gets PTO for the time
> > > > > that she's in classes.  Nice deal if you can get it.  Of course, that
> > > > > still leaves the bootstrapping issue of getting the job with EG with
> > > > > only the bachelor's, but that problem is left as an exercise for the
> > > > > student.
>
> > > > > --
> > > > > Rob Gaddi, Highland Technology
> > > > > Email address is currently out of order
>
> > > > In the US, when your employer pays for grad school, that is a taxable
> > > > benefit, unlike the case for undergrad. But tuition wavers offered by
> > > > the school are however tax exempt! If the school's cost combined with
> > > > an endentured servant's salary is low enough, its being taxable may
> > > > not be a big deal. It just depends on where you sit on the pay scale.
> > > > I enjoyed teaching (for a tuition waiver) at the school as it created
> > > > no tax issues since I also had a full time day job.
>
> > > > Clay- Hide quoted text -
>
> > > > - Show quoted text -
>
> > > Clay,
>
> > > Not always true about grad school being taxable.
>
> > > Check out:  http://www.irs.gov/pub/irs-tege/fringe_benefit_fslg.pdf
>
> > > Basically (not legal advice):
> > > If the training maintains or improves your skills required for doing
> > > your present work, not taxable.
> > > or
> > > If the training is required by your employer or law to maintain your
> > > present position, salary or status, not taxable.
>
> > > My observation (limited, so others can put their 2 cents in) is that
> > > the employer won't approve the course unless it meets one of these
> > > conditions.
>
> > > Dirk
>
> > > Ben Franklin said " A penny saved is a penny earned." No longer true.
> > > With taxes it might be "2 pennies saved is 3 pennies earned."- Hide quoted text -
>
> > > - Show quoted text -
>
> > Hello Dirk,
>
> > Actually according to the details of the document you linked, graduate
> > education is taxable unless you receive a tuition reduction for
> > teaching/researching for the school. So if your private employer
> > reimburses you for grad school, that is taxable. That's is what I
> > meant by tuition waivers for teaching. The waiver is a form of tuition
> > reduction.
>
> > Clay
>
> > p.s I have discussed this with my CPA more than once.
>
> > From the link:
>
> > "Tuition reductions for graduate education are considered “qualified”
> > and are tax free if they are provided by an eligible educational
> > institution to a graduate student who performs teaching or research
> > activities for that institution. All other tuition reductions for
> > graduate education are taxable."- Hide quoted text -
>
> > - Show quoted text -
>
> Clay,
>
> I don't read pages 79-82 that way.  My last employer, a major defense
> contractor, was paying for graduate education to enhance peoples'
> performance in their current job, taking no taxes.
>
> Dirk- Hide quoted text -
>
> - Show quoted text -

Did the educational compensation show up on their W-2 as part of their
total wages, tips, and other compensation? That's where it would be. I
won't say there are no eceptions, but there are almost no exceptions.
Even elsewhere in the IRS's document there is a comment that the total
graduate compensation (for all employees combined) can not exceed a
small value which is in the neighborhood of $5500 per year. That won't
cover much education if more than one employee receives the benefit in
a year.

Yesterday the Chancelor of the University System of Georgia said to
expect the tuition costs for state schools to increase 77% next year.
So getting a graduate degree will be a lot more pricy unless you do
the teaching/researching and benefit from the tuition waiver.
Companies will be less likely to fund the grad school's costs
regardless of the tax impact.

Clay


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