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#4
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| Bryan Kellar wrote: - quote - > <michael.bratt[at]wdn.com> wrote:
Ask and ye shall receive; knock and ... something like that.> > Some questions about the education credits: > > > 1. Is a college required to send Form 1098-T listing your > > expenses for the year? What if it doesn't? Can you use > > invoices, receipts, cancelled checks as proof of expenses? > They probably are. If you have a statement of account from > the college showing a breakdown of the fees charged and what > you paid, then all of the information is there. My > daughter's university used to send a blank 1098-T without an > amount and a printout of the student account. We never had > a problem. > > 2. Does attendance at a foreign college (e.g., McGill in > > Montreal) still qualify for these credits? They, obviously, > > will not send a Form 1098-T. What proof is needed? > One of the requirements is that the college must be "Any > college, university, vocational school, or other > postsecondary educational institution eligible to > participate in a student aid program administered by the > Department of Education." Surprisingly, I was snooping > around the US DOE website one day for a client in Vancouver > and noticed that UBC and a couple of other BC institutions > were on the list. I'm not sure just what their criteria is, > but McGill is a big enough of a university that it could > very well be on the list. I don't remember exactly where > the list is offhand, but if you go to the Financial Aid > website http://www.fafsa.ed.gov its likely there somewhere. thanks Bryan, since I just commented about Kennedy Western above. Here is the link: http://www.fafsa.ed.gov/fotw0506/fslookup.htm ChEAr$, Harlan Lunsford, EA n LA Wed 23 Feb 2005 << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#3
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| David Woods, EA, ChFC, CLU wrote: - quote - > "michael.bratt[at]wdn.com" <michael.bratt[at]wdn.com> wrote:
As a parallel consideration, client the other day said he> > Some questions about the education credits: > > > 1. Is a college required to send Form 1098-T listing your > > expenses for the year? What if it doesn't? Can you use > > invoices, receipts, cancelled checks as proof of expenses? > Not sure. > > 2. Does attendance at a foreign college (e.g., McGill in > > Montreal) still qualify for these credits? They, obviously, > > will not send a Form 1098-T. What proof is needed? > AFAIK the institution in question needs to be eligible to > receive federal student aid, IOW, an US institution. Unless > non-US schools are eligible to receive US government student > loan proceeds, Pell Grants, etc. had not received his 1098-T from Kennedy-Western for over 4,000$. I asked what is that, since I'd never heard of it. He said it seems more and more like a "diploma mill", since they were evasive about the 1098-T. So I look at their web site and use their own search utility for the web site, searching for 1098-T with negative results. Everything else is on the site though, advantages of education, hype about awarding credits for "life experience" (ah hah! I know!) Does anybody know of any web site which might be helpful in determing is any particular "institution" or diploma mill meets requirements Dave outlines above? ChEAr$, Harlan Lunsford, EA n LA Wed 23 Feb 2005 << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#2
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| Bryan Kellar wrote: - quote - > <michael.bratt[at]wdn.com> wrote:
The lookup form for eligible schools is at:> > Some questions about the education credits: > > > 1. Is a college required to send Form 1098-T listing your > > expenses for the year? What if it doesn't? Can you use > > invoices, receipts, cancelled checks as proof of expenses? > They probably are. If you have a statement of account from > the college showing a breakdown of the fees charged and what > you paid, then all of the information is there. My > daughter's university used to send a blank 1098-T without an > amount and a printout of the student account. We never had > a problem. > > 2. Does attendance at a foreign college (e.g., McGill in > > Montreal) still qualify for these credits? They, obviously, > > will not send a Form 1098-T. What proof is needed? > One of the requirements is that the college must be "Any > college, university, vocational school, or other > postsecondary educational institution eligible to > participate in a student aid program administered by the > Department of Education." Surprisingly, I was snooping > around the US DOE website one day for a client in Vancouver > and noticed that UBC and a couple of other BC institutions > were on the list. I'm not sure just what their criteria is, > but McGill is a big enough of a university that it could > very well be on the list. I don't remember exactly where > the list is offhand, but if you go to the Financial Aid > website http://www.fafsa.ed.gov its likely there somewhere. http://www.fafsa.ed.gov/fotw0506/fslookup.htm -- Alan http://taxtopics.net << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#1
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| <michael.bratt[at]wdn.com> wrote: - quote - > Some questions about the education credits:
They probably are. If you have a statement of account from> 1. Is a college required to send Form 1098-T listing your > expenses for the year? What if it doesn't? Can you use > invoices, receipts, cancelled checks as proof of expenses? the college showing a breakdown of the fees charged and what you paid, then all of the information is there. My daughter's university used to send a blank 1098-T without an amount and a printout of the student account. We never had a problem. - quote - > 2. Does attendance at a foreign college (e.g., McGill in
One of the requirements is that the college must be "Any> Montreal) still qualify for these credits? They, obviously, > will not send a Form 1098-T. What proof is needed? college, university, vocational school, or other postsecondary educational institution eligible to participate in a student aid program administered by the Department of Education." Surprisingly, I was snooping around the US DOE website one day for a client in Vancouver and noticed that UBC and a couple of other BC institutions were on the list. I'm not sure just what their criteria is, but McGill is a big enough of a university that it could very well be on the list. I don't remember exactly where the list is offhand, but if you go to the Financial Aid website http://www.fafsa.ed.gov its likely there somewhere. Bryan -- Bryan Kellar, EA Oregon Tax Help, Inc. Portland, Oregon www.oregontaxhelp.com www.canadatax.org << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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| "michael.bratt[at]wdn.com" <michael.bratt[at]wdn.com> wrote: - quote - > Some questions about the education credits:
Not sure.> 1. Is a college required to send Form 1098-T listing your > expenses for the year? What if it doesn't? Can you use > invoices, receipts, cancelled checks as proof of expenses? - quote - > 2. Does attendance at a foreign college (e.g., McGill in
AFAIK the institution in question needs to be eligible to> Montreal) still qualify for these credits? They, obviously, > will not send a Form 1098-T. What proof is needed? receive federal student aid, IOW, an US institution. Unless non-US schools are eligible to receive US government student loan proceeds, Pell Grants, etc. -- David M. Woods, EA, ChFC, CLU Woods Financial Services Norwood, MA 02062 www.woods-financial.com << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#-1
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| Some questions about the education credits: 1. Is a college required to send Form 1098-T listing your expenses for the year? What if it doesn't? Can you use invoices, receipts, cancelled checks as proof of expenses? 2. Does attendance at a foreign college (e.g., McGill in Montreal) still qualify for these credits? They, obviously, will not send a Form 1098-T. What proof is needed? << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
| Tags |
| credits, education |
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