Posted by: Louis Lavelle on May 3, 2011
Tax season is over for now, but that does not mean that one can quit thinking about taxes. After all, tax season is like Christmas; it comes around every year whether you want it to or not. Recently, run4run, a Bloomberg Businessweek Business Schools Forum participant, posed an interesting tax-related question to which no one, so far, has responded.
Basically, run4run wants to know if he or she will have to pay taxes on the money an employer offers to sponsor an MBA program. Usually, people get breaks on their taxes for education. In this case, someone else will be footing the bill for run4run’s MBA. So is the benefit taxable? No one seems to have an answer for this participant. What advice do you have for run4run? Any idea how to answer? You can share your response on the “Taxes on Employer Sponsored B-School” discussion thread. In the meantime, just be glad that tax season is over for another year.
-By Francesca Di Meglio
Editor’s Note: This blog post is part of a series about discussions taking place on the Bloomberg Businessweek Business Schools Forum, where prospective B-school applicants, current students, and recent alumni trade admissions tips, job-hunting advice, and the occasional barbed comment. We invite you to join these discussions or start one of your own.