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Tax Research

Tax Research Assignment:Eric Smith is an accountant for the ABC Corporation, located in San Diego. When Eric went to work for ABC, he did not have a college degree. ABC required that Eric earn a B.S degree in accounting, so he enrolled in a local private university’s night school and obtained the degree. ABC Corporation does not reimburse employees for attending night school, and because Erick attended a private university, the tuition and other costs were relatively expensive. Under California law, once Eric has his degree, he is eligible to sit for the CPA exam and can become a CPA in California. Can Eric deduct any of the $10,500 he paid in tuition and other costs during the current year?a. Use an available tax service to determine how much, if any, Eric can deduct of the $10,500 he paid in tuition and other costs during the yearb. Prepare a tax research memorandum for the filec. The memorandum must be typed and will be graded on the basis of both accuracy and written presentation (including composition, spelling, conciseness, professionalism, proper citation, etc.).

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