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johnnyloadproductions · 02-06-2010, 05:36 PM

A lot of your guys seem good about dodging bullets in here, I want to learn just a little more to make a calculated risk.

My risk of an audit is low (according to turbo tax) and I called my school and they said I can claim 1,804 for my tuition, which makes since. But I recently got this 1098-T form back and it says I was only billed for $164.

If I claim the 1,804, will the IRS specifically check this against any record they have of me? It says the 1098-T copy is made available information to the IRS.
Tell me the scenario if I'm to claim the 1,804. I didn't file last year because I didn't work and was in school. This year I also bought a new house and will be getting the $8000 credit back.
Will this throw up flags.

Hopefully some of you have some insightful answers.

02-06-2010, 05:36 PM
johnnyloadproductions Account Shutdown Industry Role: Join Date: Oct 2008 Location: Gone Posts: 3,611	Tax question about tuition form 1098-T A lot of your guys seem good about dodging bullets in here, I want to learn just a little more to make a calculated risk. My risk of an audit is low (according to turbo tax) and I called my school and they said I can claim 1,804 for my tuition, which makes since. But I recently got this 1098-T form back and it says I was only billed for $164. If I claim the 1,804, will the IRS specifically check this against any record they have of me? It says the 1098-T copy is made available information to the IRS. Tell me the scenario if I'm to claim the 1,804. I didn't file last year because I didn't work and was in school. This year I also bought a new house and will be getting the $8000 credit back. Will this throw up flags. Hopefully some of you have some insightful answers.