Can We Be Audited?

posted 3 years ago in Legal
Post # 3
Hostess
24457 posts
Honey Beekeeper
  • Wedding: June 2009

You did pay for the classes (I’m assuming they won’t be refunded) so I don’t see a problem.  I used to do taxes and I have never come across this but usually taxes only care about what you paid.  Do you think you will be able to go back to school next semester?

You aren’t very likely to be audited for this.  They usually audit for things that look strange or people missing things that should be on their taxes.

Post # 4
Member
2126 posts
Buzzing bee
  • Wedding: June 2015

The chances of you actually being audited are so, so low. Something like claiming student status does not set off the “audit meter” for the IRS whatsoever.

And I agree with PP. You paid for the class, which is what matters. The tax credit is for paying for your education – the IRS doesn’t care if you actually go to class or not!

Post # 6
Member
2576 posts
Sugar bee
  • Wedding: November 2013

@MrsSaltWaterTaffy:  +1

The IRS just cares about the costs going to a legit institution “in pursuit of a degree.” Since you paid or loaned for these classes out-of-pocket (I am assuming), you will be fine. You should have received a form called a 1098-T that lists your tuition expenditures for the tax year – your FI would have used that to determine what your tuition deduction or credit would be.

Post # 8
Hostess
24457 posts
Honey Beekeeper
  • Wedding: June 2009

Did you actually pay for the classes out of pocket at all?  If it was all FAFSA money, that shouldn’t even be reported on your taxes since you were reimbursed for it.

Post # 9
Member
1373 posts
Bumble bee
  • Wedding: June 2015

@petalpetal:  get a dr’s note? Stickler or not, if you have a medical reason, shouldnt they not be able to kick you out of class? I would look into that. We have a strict attendance policy as well (2 classes max) but shit happens sometimes. If you can prove you were for real sick, you should be able to sort it out!

Post # 10
Member
2245 posts
Buzzing bee
  • Wedding: September 2014

@lalalyanne:  +1 get a doctors note and get back to school ASAP. I wouldn’t be too concerned about the IRS aspect, but I would be very upset at the prospect of having wasted money on a class I wasn’t getting credit for and the time wasted, which presumably would impact my graduation date. 

Post # 11
Member
405 posts
Helper bee

@petalpetal:  Your tax credits are for the previous year.  You can’t take credit for attending in 2014 on your 2013 taxes.  Your 2013 taxes cover Spring 2013, Summer 2013, and Fall 2013.  So it’s really non-issue.

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