Hey, all! I've been lurking for awhile, since teaching takes up an
inordinate amount of time and what little free time I have has been spent
learning to play the harp, my favorite instrument. I always pop in every
few days to see what's going on, though, and laugh with Polly, Leslie, and
the rest of you all. It's so nice to peek in and find friendly folks.
So here's my dilemma: I finished grad school in May of 2008 with my degree.
That means I paid tuition to a qualifying educational institution in 2008
and can claim the lifetime learning credit. That school did, in fact, send
me a 1098-T form declaring a certain amount was paid. I used the amount
listed on that form to do my federal taxes, which I mailed last Monday.
NOW, however, the school has sent an email telling us that the 1098-T they
sent was wrong, and that they had mistakenly already put that 2008 amount on
our 2007 1098-T forms, so we already declared it as a deduction last year.
I know I have to file an amended return. But how long do I have? The IRS
website says three years, two years, or until April 15, but the forms all
seem to discuss amending the 2007 return.
I've never lied on my taxes and have prided myself on doing them without
having to call in a tax professional. But this fiasco has shaken me up. I'm
furious at the school for causing me to lose out on the refund amount I had
originally figured (and budgeted for).
Sorry for bringing this decidedly boring topic to the quilting frame, but
I'm at a loss and you all are always so helpful, I figured I'd try here
--who could spit nails at the University of Missouri at St. Louis right now.