[Iwinyourmoney]

He put down he spent 1,000 on school fees and got it all back in refunds. He said since it's only 1,000 odds of getting caught are low. Thoughts?

[freeVICK]

IRS doesnt give a shit about 1000

[UntilTheNDofTimE]

Even if they catch it its pretty easy to come up with 1,000 in school expenses. I spend 600 a semester in books alone,

[Iwinyourmoney]

He didn't goto school at all

[tltaylor89]

lol try saying spending 6,000 on work uniforms they will slam youre ass then

[Carseller4]

$1,000 now in your pocket, vs having to pay back $1,200 tops if you get caught?

If he is actually in school he should be safe.

[big joe 1212]

To claim school expenses you need a Form 1098-T from your school.

[1st and Ten]

audits go back 3 years....is he is doing it for school he is doing it in other respects. Tell him good luck with that considering 5% of the population will experience a preliminary audit.

[1st and Ten]

Originally Posted by big joe 1212

To claim school expenses you need a Form 1098-T from your school.

This dude is right. You're buddy is going to get audited

[Enogsiwon]

love how you came online tonight to tell us about your "friend"

[Iwinyourmoney]

Not when u file online, u don't need shit. My fiancé was able to enter her school info without the form, school hasn't sent it yet. She looke up exactly how much she spent

[tltaylor89]

I go straight by the books 1099 needs to get released .

[Iwinyourmoney]

"king", why would I be considering trying to get a free 1k when I'm getting back 3800

[Terrapin Station]

I learned a lesson many years ago...don't f\*\*k with the IRS, not worth it.

[big joe 1212]

Originally Posted by 1st and Ten

audits go back 3 years....is he is doing it for school he is doing it in other respects. Tell him good luck with that considering 5% of the population will experience a preliminary audit.

and fraud is unlimited on the amount of time the IRS can go back on you!

[1st and Ten]

online and self-prepared...sure they don't pay "special" attention to those

[UntilTheNDofTimE]

Only places like H n R block ask for receipts for everything. Most tax places take your word for everything you say. There not going to get audited, you will.

[tltaylor89]

Originally Posted by 1st and Ten

online and self-prepared...sure they don't pay "special" attention to those

lol some people think they can get by

[big joe 1212]

Originally Posted by Iwinyourmoney

Not when u file online, u don't need shit. My fiancé was able to enter her school info without the form, school hasn't sent it yet. She looke up exactly how much she spent

you dont need it to file online obviously, but when the IRS checks it out, they will bury you easily when they dont have the form from your school!

[1st and Ten]

[tltaylor89]

Just like these people claiming 3 different children to get 8-9k they will almost always get audited

[big joe 1212]

and H&R block and others like them dont know what the **** they are doing! If you dont believe me, just call and ask them a few questions. Those people are just button pushers!

[Iwinyourmoney]

Well my fiancé will be fine, shell get the actual statement from her schooling by the time anything comes. I tried to tell my buddy he's ignorant

[big joe 1212]

Originally Posted by Iwinyourmoney

Well my fiancé will be fine, shell get the actual statement from her schooling by the time anything comes. I tried to tell my buddy he's ignorant

Why dont she have the form already?

[Boner_18]

What is his AGI? If it is less than 120k there is less than a 3% chance he even finds his way into the audit pool. It just isn't worthwhile to audit low(er) income taxpayers except to deter this kind of practice.

[Iwinyourmoney]

Originally Posted by big joe 1212

Why dont she have the form already?

College hasn't sent it. She called and all they can say is they will mail it soon

[Iwinyourmoney]

Originally Posted by Boner_18

What is his AGI? If it is less than 120k there is less than a 3% chance he even finds his way into the audit pool. It just isn't worthwhile to audit low(er) income taxpayers except to deter this kind of practice.

He makes 11$ an hour so ya way lower

[pavyracer]

Originally Posted by Iwinyourmoney

Not when u file online, u don't need shit. My fiancé was able to enter her school info without the form, school hasn't sent it yet. She looke up exactly how much she spent

Are you insane? When the IRS gets the online filing they will check to see if the school issued a 1098-T to that social security number. If there is no form filed and your buddy showed an expense in his tax return he will be in big trouble.

[Boner_18]

Originally Posted by Iwinyourmoney

He makes 11$ an hour so ya way lower

His chances of being audited are astronomically low. Not impossible but as close to it as you can get. And if he is caught he should say he made a mistake and pay the amount plus interest.

[BeatTheJerk]

I can tell you one thing posting this on the internet doesn't help your odds. That's all I can really say about anything you said.

[wal66]

They reward well for school obviously. % years ago I spent $5700 on my baseball team for equipment and uniforms and other essentials. Had reciepts for every dime spent and H&R Block said it was worth an additional $87 in charitable contributions towards my return.

[FreeFall]

only 1% of the US is audited so he already has that in his favor. Not the smartest habit to get into, but hey why not steal from the country that you live in?

[BarkingToad]

I would never do it, but with a lot of fraud going on in 1st time homebuyer credit and earned income credit, he may get away with it. Wasn't there a story where a 4 year old received $8,000 for 1st time homebuyer credit? If they do catch up with him, it's usually not right away. To me, there's something to be said about sleeping well at night.