simonle...[at]yahoo.com wrote:

- quote -

No. When IRS examines returns using correspondence
technique, it has determined that more in-depth techniques
will not likely be productive. To do otherwise, especially
as you suggest (retribution), violates several IRS policies.

Fred F.

<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ------------------------------------------------------- >

<simonlee47[at]yahoo.com> wrote:

- quote -

Several possibilities here...

You may be classifiled as rich (your AGI is too high),
therefore ineligible for the (full) deduction for your
student loan interest.

There may be a math or calculation error.

The IRS may not have matched the payor's reporting with your
deduction.

You should call the phone number on the notice.

Challenging this type of notice generally does not result in
a tax examination.

___________________________________
<<< Benjamin Yazersky, CPA [NJ & NY] > > -----> real address on hobokeni or hobokenx <-----

<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ------------------------------------------------------- >

simonlee47[at]yahoo.com wrote:

- quote -

Making corrections like this won't automatically subject you
to a full audit. I went back and forth with the IRS 3 times
last year due to a misunderstanding over some investment
income, and I didn't get audited.

--
Barry Margolin, barmar[at]alum.mit.edu
Arlington, MA
*** PLEASE don't copy me on replies, I'll read them in the group ***

<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ------------------------------------------------------- >

simonle...[at]yahoo.com wrote:

- quote -

Did they say why they were not allowing your student loan
deduction? Challenging this change would not normally open
you up to a full audit, unless there was something else
going on that found out about, e.g fraudulent use of a SSN.
You can call them using the phone number they sent you or
send in documentation of your student loan interest payments
(you did just deduct the interest, not the full payment,
right?)

<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ------------------------------------------------------- >

<simonlee47[at]yahoo.com> wrote:

- quote -

It might. Or not challenging it might.

- quote -

That's most likely, I believe. (You should provide that
along with the challenge, unless they say not to.)

Seth

<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ------------------------------------------------------- >

simonle...[at]yahoo.com wrote:

- quote -

Not likely.

<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ------------------------------------------------------- >

I received a letter from the IRS stating that they were
making a correction to my student loan deduction. They
included a payment coupon for the taxes that are owed. They
also state that if i wish to challenge I can contact them.

Will challenging this change subject me to a full audit? Or
will they simply ask for some documentation of my student
loan deduction tax forms? I feel that they may have not
received the notification from my student loan lender
regarding how much student loan interest I payed.

Thanks

<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ------------------------------------------------------- >