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Started By
Message
Need IRS advice
Posted on 12/9/16 at 11:04 am
Posted on 12/9/16 at 11:04 am
They sent me a letter saying that I owe them 2000k because of credits I received when filing last years taxes. I filed through turbo tax. They asked me if I attended school in 2015. Which I did. 2 classes. That's how I got the credits. Now they are saying they don't have evidence of this. I've since graduated but I logged into my colleges version of student accounts. I took two classes in the spring of 2015. For some reason my 1098 t for that year does not have the amount I paid in tuition. Instead spring 2015 is listed on my 2014 1098. Which makes no fricking sense to me.
This post was edited on 12/9/16 at 11:13 am
2
Posted on 12/9/16 at 11:25 am to tigersownall
I'm assuming you meant $2,000? 2000k is $2,000,000? Lol
Posted on 12/9/16 at 11:27 am to baldona
I can't help really, but I thought back when I was a student you had to be full time? Like 12 hours a semester to count it? Otherwise you could simply enroll in a 1 hour online class every year and take a 'student tax credit'?
Posted on 12/9/16 at 11:29 am to baldona
All the 1098 says is. Check if at least a half time student. Which the university checked because I was.
Posted on 12/9/16 at 1:01 pm to tigersownall
Do you recall when you paid the bill? Was it in 2014 or 2015?
If you paid in 2015, send the IRS proof of payment with a 2015 date and you should be good to go.
If you paid in 2014, you will need to pay. But if you did not take a credit in 2014, you may be able to take a credit on an amended return.
If you paid in 2015, send the IRS proof of payment with a 2015 date and you should be good to go.
If you paid in 2014, you will need to pay. But if you did not take a credit in 2014, you may be able to take a credit on an amended return.
Posted on 12/9/16 at 1:01 pm to baldona
quote:
but I thought back when I was a student you had to be full time? Like 12 hours a semester to count it? Otherwise you could simply enroll in a 1 hour online class every year and take a 'student tax credit'?
The Lifetime Learning credit can be taken without a min number of credit hours.
The American Opportunity credit requires a minimum number of hours, more than 6.
Posted on 12/9/16 at 1:18 pm to LSUFanHouston
I just called Nicholls. They are saying the reason it was included on the 2014 1098 is because that is when the cost was incurred. (Scheduled my classes). The bill was not paid until 1/21/2015. I spoke to the IRS but they want a fixed 1098 sent from the school. Which it doesn't look like the school is going to do.
Posted on 12/9/16 at 2:06 pm to tigersownall
The amount billed should be on Box 2 of the 2014 Form 1098-T, and the amount rec'd on the 2015 Form. Did Nicholls send you a 2015 form?
If they won't fix it, you will need to WRITE (not call) the IRS back, using the address on the notice, and include the notice, and include proof of payment and date, and a signed letter of explanation.
IRS knows there are problems with Form 1098 reporting and as long as you have good info, they will fix it.
The credit is based on date paid, not date charged, provided that the academic term starts no later than 3 months after the end of the year.
If they won't fix it, you will need to WRITE (not call) the IRS back, using the address on the notice, and include the notice, and include proof of payment and date, and a signed letter of explanation.
IRS knows there are problems with Form 1098 reporting and as long as you have good info, they will fix it.
The credit is based on date paid, not date charged, provided that the academic term starts no later than 3 months after the end of the year.
Posted on 12/9/16 at 2:10 pm to LSUFanHouston
They did not send me 2015 form. The 2015 form has no numbers anywhere on it. All it says is that I was enrolled.
Posted on 12/9/16 at 5:09 pm to tigersownall
quote:
They did not send me 2015 form. The 2015 form has no numbers anywhere on it. All it says is that I was enrolled.
Sounds like they made a mistake. I doubt they will fix it.
You are on your own on this one. Do as I described above. If you don't fight it, the IRS will assess the tax and then hound you. You don't want that.
Posted on 12/9/16 at 5:40 pm to LSUFanHouston
We had a similar issue. School wouldn't help either. Sent IRS a notarized letter that wife was in school and incurred tuition and related expenses in the referenced tax year.
IRS sent a letter back about a month later stating the issue with the lifetime learning credit had been resolved and we owed $0.
IRS sent a letter back about a month later stating the issue with the lifetime learning credit had been resolved and we owed $0.
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