GunnmeTaLCURA04

And for the ones that are Accountants. ...

My cousin did her taxes and she was suppose to get back 247 (round there) They took of about 1230 of federal taxes. and she said she went to school and total for that was about 2450.00,. Accountant told her she could only claim 2000.00 so she will be getting back all the 1230.00 they took off. The thing is that she didnt go to school Watt the hell.. i want that much money back too!!!!

any pointers? can this be done one time? Or is there a major risk at IRS getting you for it and then having to pay it back?

Adam_Schwartz

Colleges send you forms that show how much you paid in tuition for a given year, so I am not sure that's a good idea claiming that $2000 credit without proper forms. Anyone can lie on their tax forms but getting away with it is another issue.

riceboy

"and she said she went to school and total for that was about 2450.00"

"The thing is that she didnt go to school"



so did she go to school or not?

you can claim education costs by hope, lifetime, or higher eduation credits
hope will give u the most back but can only be claimed for 1st two years of college

GunnmeTaLCURA04

well she claimed that she did go to school. But she didnt.!!! and the tax guy didnt ask for any papers he just put on the forms... and kazaamm. she is getting 1230 back instead of the 240 something she was suppose to get..

Zippee

That is called tax fraud. Dunno if the IRS will check up on her but if they do, she is in deep shit.

Not worth the risk to me.

95gt

Sweet cousin. keep your distance.

EdgarFanCLS

The IRS offers cash rewards for snitches

Adam_Schwartz

Ahhhhhhhahaha! This thread will self-destruct in 5..4..3..

ric

The IRS does random audits from time to time, just for the hellofit, and if your sis is snagged, her paperwork will not hold up in the review process. She would probably be offered the opportunity to "make good" and walk away, but the whole thing would be a real heartburn. Moreover her tax prep person will look at her like a complete stranger when it becomes apparent that he has been duped, and will make sure to clear himself in any audit, since he has a professional rep to maintain. Moreover, she would probably be earmarked for audits in the future.

I was audited once, my audit came clean; I had been "bumped" for audit because of extraordinary unreimbursed medical expenses. The audit was painless, about an hour long, and I left with no loss, no gain. Still, it was tiresone, anxiety provoking and really upsetting.

Zippee

Seeing as this was deliberate, not an oversight, I expect the ever popular penalties and interest would come into play.