just me
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YOU DO NOT HAVE TO BE FULL TIME - READ TAX TOPIC 605 AT IRS.GOV
The only way being a student can help you get more money back is through the education credits. Do you pay tuition?
You do not have to be a full time student to qualify. If you didn't have a tax liability the credits would not help you. If you did have a tax liability check with your cousin and he can file an amended return if one of these credits would help you.
Your boyfriend was right H&R would put you down as a student if you tell them you are. H&R is not the tax police they are a tax preparer. It is not their job to make sure people are telling the truth and that is why you have to sign the return even if you are e filing. Of course, if they know you are lying they cannot file your return.
P.S. If you are a dependent you cannot take these credits. |
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Judy1
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If you are a dependent and made over $5350 for the year, or if you are NOT a dependent and made over $8750, you will have some tax liability. If you are not a dependent, then there's a possibility you could get an education credit to reduce your tax, if you paid tuition and fees out of pocket.
Great - so your bf is saying that the H&R Block people are willing to help you file a fraudulent return, setting yourself up for having to pay back what you got illegally plus penalties and interest at a minimum. Now there's a real recommend for H&R Block - I'm surprised they don't feature his testimonial in their TV ads! ;<{ |
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Brad F
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I don't think being a student changes what you pay/get back. I'm a full time student and make ~30k a year...and god I wish I got all I paid back on that. Being a student, you can write off certain expenses (via hope and lifetime learning credit)...but being a student does not give you the right to make money without paying taxes :) |
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Tim
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Your boyfriend has his head up his arm pit.
You get back what you get back. It has nothing with being full time. If more taxes were taken out of your paycheck than the amount of taxes owed. You get a refund. |
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Sharon F
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i would never risk sending false information to IRS because they can and might verify that information
if you wasnt a full time student then i wouldnt be greedy and lie about it....its not worth it
that will eventually come back and bite you in the butt
... |
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i_hassamal
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1. it's labeled as "if you're at least a half time student" to qualify
2. what you get from your return depends on how much income you made for the year.
3. you can still refile, it's called ammendment, where you put the right details about your tax info and can ONLY send it via snail mail. |
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michael971
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Tax preparers can get into serious trouble for intentionally filing incorrect returns. Every year about 100 tax preparers go to jail for it.
If you are a student more than half time and and in your first two years of college you can take the Hope Credit.
Otherwise you can take the Lifetime Learning Credit which means you compute the tax on your income then take 20% of your college tuition and fees (books are not included) Then subtract that from the tax you owe. If the 20% of tuition is more than your tax you can wipe out all your taxes and get back all of your withholding
The college also sends in a tuition statement to the IRS so they know what you paid and whether you were more than hald time
So if your file it incorrectly on your taxes the IRS computers could eventually find it and send a letter to you with a bill for back taxes. |
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Emie T
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Try out www.1040now.com
They are a great free filing tax preparation website that's super easy to use. My family has been using it for years and we have yet to encounter any problems.
It's also a lot cheaper than places like H&R Block -- which is great for college kids (like myself.. money is no object)
Good luck with everything!
LINK: http://taxfree.1040now.net?Code=10034 |
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