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Message
Got a letter from IRS today re: owe more for 2012
Posted on 4/3/14 at 10:30 pm
Posted on 4/3/14 at 10:30 pm
Based on the amount ($2,000 even + interest) they are claiming that my wife (full-time graduate student) should not have received the lifetime learning credit.
How do they come to these random conclusions when I got a 1098-T and filed it correctly?
UPDATE: Sent them a response back in April with a copy of my 1098-T for 2012 as requested and a signed statement by both my wife and I certifying that this is correct.
They send me a response letter last week stating that they cannot give credit for paid education expense until a list of payments from your eligible education institution or signed statement from us verifying the amounts.
How do they come to these random conclusions when I got a 1098-T and filed it correctly?
UPDATE: Sent them a response back in April with a copy of my 1098-T for 2012 as requested and a signed statement by both my wife and I certifying that this is correct.
They send me a response letter last week stating that they cannot give credit for paid education expense until a list of payments from your eligible education institution or signed statement from us verifying the amounts.
This post was edited on 7/2/14 at 11:58 am
8
Posted on 4/3/14 at 10:40 pm to Golfer
I assume you've checked all the criteria for not being able to claim it and you were cool there?
I'm sure the IRS can be the worse
I'm sure the IRS can be the worse
Posted on 4/3/14 at 10:48 pm to Teddy Ruxpin
Yep. It all checks out on my end. It's pretty straightforward. Can claim 10% of education expenses or $2,000 whichever is less provided your Household AGI is less than $104k...which it was.
Posted on 4/3/14 at 11:10 pm to Golfer
Bummer. They'll probably take hours of your life with no repercussion. Feel for ya.
Posted on 4/3/14 at 11:14 pm to Teddy Ruxpin
Yep. My guess is the school screwed up as I know they were going through some transition in early 2013 and didn't file her 1098-T with the IRS.
I do love how the language of the letter they send you says "we think we got this right, but we aren't 100% sure. So if you can't prove that we are wrong, then you owe us."
I do love how the language of the letter they send you says "we think we got this right, but we aren't 100% sure. So if you can't prove that we are wrong, then you owe us."
Posted on 4/3/14 at 11:15 pm to Golfer
I assumed that's what the letter said but it's still funny
Posted on 4/4/14 at 12:31 am to Teddy Ruxpin
quote:
They'll probably take hours of your life with no repercussion.
Unfortunately this is probably the best outcome.
Posted on 4/4/14 at 5:46 am to Golfer
A guy that works with me told me a good one when I called him yesterday....
Me: "Mike, what are you doing?"
Mike: "Planning my lawsuit against the IRS."
Me: "Hahaha. What are you suing those assholes for?"
Mike: "Mental anguish."
Me: "bwahahahaha. Let me know how that works out for you."
True story.
Me: "Mike, what are you doing?"
Mike: "Planning my lawsuit against the IRS."
Me: "Hahaha. What are you suing those assholes for?"
Mike: "Mental anguish."
Me: "bwahahahaha. Let me know how that works out for you."
True story.
Posted on 4/4/14 at 6:24 am to 4LSU2
quote:
They'll probably take hours of your life with no repercussion.
Unfortunately this is probably the best outcome.
They are out of control. All of them.
Posted on 4/4/14 at 8:32 am to Golfer
Take a look at the Form 1098-T for 2013. There may be amounts in boxes 4 or 6 that reduced the lifetime learning credit for 2012. Although the speed with which you received the notice from the IRS is unusual. The educational institution did not have to file the Form 1098-T for 2013 until Feb. 28, 2014.
Posted on 4/4/14 at 8:37 am to Poodlebrain
I think he is talking about 2012. Check and make sure you didn't actually claim the opp credit instead of lifetime learning.
Posted on 4/4/14 at 8:58 am to tigeralum06
Form 1098-T can report adjustments to prior year information that requires changes to the recipient's prior year tax returns. It could be something like tuition refunded for dropped classes in the Spring semester, or scholarship money being awarded after the 2012 Form 1098-T was filed.
The timing of the OP's notice seems a bit quicker than the IRS usually operates with this sort of information. But it is a possible cause for the IRS action.
The timing of the OP's notice seems a bit quicker than the IRS usually operates with this sort of information. But it is a possible cause for the IRS action.
Posted on 4/4/14 at 9:11 am to Poodlebrain
No scholarships or dropped classes. There were no adjustments on the 1098-T for 2012 or 2013 and i checked our 2012 return and we clearly filed the lifetime learning credit.
Posted on 4/4/14 at 9:21 am to Golfer
I think the IRS questions returns that aren't prepared by CPAs, because I have never once seen a education credit challenged by a CPA prepared return.
Posted on 4/4/14 at 9:25 am to Ford Frenzy
And here I was trying to help my dad out
Posted on 4/4/14 at 9:51 am to Ford Frenzy
Not true, we prepared a return and the IRS sent a letter denying the amount for mortgage insurance premiums(came from HUD) and were also denying education credits claimed on the return. We had to send in a copy of the HUD and a copy of the 1098-T.
Posted on 4/4/14 at 11:03 am to LSUchuck
I didn't mean to be so extreme, but I think having a CPA sign it definitely helps the audit frequency.
Posted on 4/4/14 at 11:36 am to Ford Frenzy
I am dealing with this exact issue from 2010.
Posted on 4/4/14 at 11:38 am to saderade
quote:
I am dealing with this exact issue from 2010.
I'm guessing it isn't a quick and easy fix of sending in your 1098-T?
Posted on 4/4/14 at 11:45 am to Golfer
I wish you luck.
I've gone through a couple of battles with the IRS and the La Dept of Revenue over the years. Fortunately, I won all of them without having to pay a cent more. But still, the time and aggravation of having to prove yourself innocent is infuriating.
I've gone through a couple of battles with the IRS and the La Dept of Revenue over the years. Fortunately, I won all of them without having to pay a cent more. But still, the time and aggravation of having to prove yourself innocent is infuriating.
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