Main > Everything Else
Filling out my taxes and need some info on 1098-E form
ChadTower:
I've been taking the student loan interest deduction for both myself and my wife for years. You don't have to send the 1098-E in, or at least I never have, but you do need to have it for your records in case of an audit. You should have one of those forms for every student loan account.
Chris G:
I heard about some idiots (we're talking individuals, not businesses) out there that claimed ridiculous amounts, like up to $50,000, for that phone credit. Talk about instant audit...
ChadTower:
And likely jail time for fraud. You've got to believe the IRS has a database trigger on that very deduction. Anomalies used to be really hard to find so people got away with them... nowadays, a decent search algorithm picks up so many so fast that the issue is a lack of auditors, not data.
Chris G:
Heh - database trigger... you must have some programming background. Not exactly a blue-collar concept. :)
ChadTower:
Yes, that would be the case. :) Quite a bit of it.
Navigation
[0] Message Index
[#] Next page
[*] Previous page
Go to full version