![]() The source data reproduced here is also available directly from the IRS and Census Bureau using the links at the bottom of this page.įor questions related to this data, e-mail: For general assistance in filing for bankruptcy relief, the clerk of your local bankruptcy court or your local state Bar Association may have information regarding individuals or organizations offering bankruptcy related services, including on a reduced fee or pro bono basis. This Web site reproduces the Census Bureau and IRS Data necessary to complete the 122A Forms and the 122C Forms. However, other information needed to complete the forms comes from the Census Bureau and the Internal Revenue Service (IRS). Some of the information needed to complete these forms, such as a debtor's current monthly income, comes from the debtor's own personal records. Ī debtor must enter income and expense information onto the appropriate form ( i.e., the 122A Forms or the 122C Forms) and then make calculations using the information entered. Official Form 122C-1 (Statement of Your Current Monthly Income and Calculation of Commitment Period) and Official Form 122C-2 (Chapter 13 Calculation of Your Disposable Income) (collectively the “122C Forms”) are designed for use in chapter 13 cases. Official Form 122A-1 (Chapter 7 Statement of Your Current Monthly Income), Official Form 122A-1Supp (Statement of Exemption from Presumption of Abuse Under § 707(b)(2)), and Official Form 122A-2 (Chapter 7 Means Test Calculation) (collectively the “122A Forms”) are designed for use in chapter 7 cases. ![]() Most individual debtors filing for bankruptcy relief are required to complete a version of Bankruptcy Form 122. ![]() See Related Links below for more details on the 8863 data entry screen and education credits.Census Bureau, IRS Data and Administrative Expenses Multipliers The result is the amount of adjusted qualified education expenses for each student."ĮF Messages 4913, 5969, or 5970 may generate if you do not answer all required questions on the 8863 or 8867 screens. 970, chapter 2 or 3.įor each student, reduce the qualified education expenses paid in 20YY by or on behalf of that student under the. For more information and an example, see Who Can Claim a Dependent's Expenses in Pub. Therefore, you are treated as having paid expenses that were paid by the third party. However, qualified education expenses paid (or treated as paid) by a student who is claimed as a dependent on your tax return are treated as paid by you. Qualified education expenses paid on behalf of the student by someone other than the student (such as a relative) are treated as paid by the student. If a student is not claimed as a dependent on another person's tax return, only the student can claim a credit.Įxpenses paid by a third party. Therefore, only that person can claim an education credit for the student. If a student is claimed as a dependent on another person's tax return, all qualified education expenses of the student are treated as having been paid by that person. If needed, you can enter a detail worksheet ( CTRL + W) to report the amounts from multiple 1098-T Forms received on the line(s):įor help determining which lines and amounts from 1098-T should be entered on Form 8863, see the Instructions for Form 8863, some of which is reproduced below: If there are multiple schools attended by the same student, use the Educational Institutions tab on the 8863 screen to enter information for up to five additional institutions. This completes line 22 (and the related information) in Part III of the 8863 in View mode. Be sure to answer all questions and indicate which education benefit is being claimed for the student (if applicable). Enter details for the school (EIN, Name, address, etc.) on the 8863 screen > Form 8863 tab. Enter information from Form 1098-T - Tuition Statement, on screen 8863 for the taxpayer, spouse or dependent.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |