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Bryan and Susie Cunningham have a 12-year old son...




Bryan and Susie Cunningham have a 12-year old son Ronnie who is having difficulty in school. This is not the run-of-the mill difficulty, but severe learning problems attributable to brain dysfunctions linked to a childhood disease contracted when Ronnie was 6. While the disease has been cured, residual affects remain. Bryan and Susie have learned about a school in North Carolina that specializes in dealing with kids with severe, medically related, learning problems. The program offers individualized instruction accompanied by treatment of qualified psychiatrists and other medical professionals. Graduates of the program generally become more functional learners and able to assume reasonably normal lives. The cost of the program is about $28,000 per year, including $9,500 for room and board, and $1,500 for incidental living expenses. The program is customized for each child. Some of the kids achieve their goals by working primarily with educators while others require more direct intervention from medical personnel. The Cunninghams would like to have you to identify for them the various tax strategies available to them so that they can minimize the after-tax cost. They want to know whether the costs are deductible and whether there are any credits. Some scholarships are available. If they are unable to get a scholarship, they will have to borrow some of the money. The program is expected to last 2-3 years. Note: you must cite at least four cases or rulings that pertain to the tax issues, and carefully explain how the cases and/or rulings apply. (It is also suggested that you cite appropriate tax code and regulations, but those don?t count toward the four cites. IRS publications don?t count either).


Paper#9974 | Written in 18-Jul-2015

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