If an accountant in public accounting seeks work as a controller in private industry,the expenses of job hunting may be deductible.

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Quizplus · Accepted Answer

According to IRS regulations, job search expenses may be deductible if they are related to a current profession or trade, even if the job seeker is already employed. Therefore, expenses incurred while searching for a new job as a controller in private industry could be deductible for an accountant in public accounting. However, it is important to note that the IRS has specific rules and guidelines for determining which job search expenses are deductible, and it is recommended to consult with a tax professional before claiming any deductions.

If an Accountant in Public Accounting Seeks Work as a Controller