<ihsiuhuang[at]gmail.com> wrote:

- quote -

Well, the IRS doesn't really want you to file a 1040X if the
bottom line will not change, but here the financial aid
folks are telling her to amend.

So go ahead and amend, and you are correcting the deduction
which you should hot have claimed.

Unless the change in AGI affects other figures on your tax
return, all you have to sub,it is form 1040X. If other
forms or schedules were changed, submit those too.

__
Art Kamlet ArtKamlet [at] AOL.com Columbus OH K2PZH

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ihsiuhuang[at]gmail.com posted:

- quote -

No, you don't need to file any other new forms. It's
apparent that your low income qualified you for the
education credit, and the additional deduction claimed as an
Adjustment to Income, had no impact, since your "standard
deductions" wiped out any tax liability anyway.

This seems to be a case of "no harm, no error" -- and I
would vote for not complicating the process by adding
paperwork.

However, since the "counselor" insists you correct your
forms, you have a choice: You can file a 1040-X -- which
simply would show the adjusted gross income increase.
(There is space on page two to explain the change, and you
could do so by writing "Adjustment taken in error" with a
reference to the line item # you've changed.)

Then, you could make the change on a photocopy of your
original 1040 (with whiteout) so your wife's application
doesn't show any error. Submitting both items to the
"counselor" should mollify her/him.

Neither action will affect your return, on the facts you
present.

Bill

<< ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >

I got a question here regarding 1040X. couldn't find the
answer i needed on the instruction and here i am hoping you
guys can help.

I recently filed my income tax, i filed jointly with my
wife. i did it electronically, by mistake I claim deduction
for my wife's school tuition AND took education credit both.
i guess the program didn't catch the mistake. my wife is
applying for financial aid now and the financial aid
counselor in her school sent us a notice telling us we need
to correct the mistake on our income return first.

so my question is, what kind of forms besides 1040X do i
need to sent in? I did some calculation, and i find out
that if I dont claim any tuition deduction, BUT take the
education credit, i still ended up with a $48 refund which
is the same number I get when i mistaking claim both before.
so since i don't owe any tax by doing that, is it important
for me to attach any other forms besides 1040x? for
example, do i need to fill out a new form 8863 and 1040?
basically the changes on the 1040x would be my taxable
income and education credit, but since we are a poor student
couple we dont owe any tax. hopefully someone can help me,
thanks!

<< ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >