I got a bill from the IRS for just over 100 bucks saying that I claimed the wrong amount of student loan interest. (difference of 700 bucks) I went back and looked at my documentation and i claimed the exact amount that was listed on our various student loan 1098-E forms. Is there some stipulation about the particular student loans that I may have overlooked that wouldn't make the interest deductible? (the loans were the same ones I claimed previous years)

Are there any known scams sent out in an effort to collect personal information that anyone has heard of? (of course according to the info they sent me it looks like they already have most of my info)

I've always done my taxes flawlessly, and am skeptical about dealing with them... Has anyone had a similar problem they resolved? In theory I can just re-print my forms and mail it to them, but will this cause me future headaches (audits?!) that I will have to deal with? Would it make life easier for me to just pay the money?

Also, is there a way to do it online vs snail mail? They gave me until April 1st to correct it, but I'm worried that it being the middle of tax season it will get lost in the shuffle.

3/12/2015 11:47:12 PM

If you make more than $80k you're not eligible to deduct. Maybe its that.

3/12/2015 11:55:17 PM

lol i'm a teacher.

3/12/2015 11:57:38 PM

did you deduct more than $2500?

3/13/2015 7:46:25 AM

Quote :

"In theory I can just re-print my forms and mail it to them, but will this cause me future headaches (audits?!) that I will have to deal with?"

I had an issue last year similar to this and did just that (print out my evidence and sent it to them). It was resolved in a couple weeks. I was surprised.

3/13/2015 8:07:47 AM

Unfortunately, you're in deep now. Go find a CPA and put a lawyer on retainer, or just go through the standard process and continue to keep immaculate records, which is what Ive done.

3/13/2015 9:35:52 AM

No, didn't deduct more than 2500. I'm just going to send them my forms and hopefully everything ends up fine.

3/13/2015 9:46:12 AM

Yeah just respond in time and send a copy of your student loan interest statements. IRS makes mistakes all the damn time.

3/13/2015 9:51:45 AM

Quote :

"I had an issue last year similar to this and did just that (print out my evidence and sent it to them). It was resolved in a couple weeks. I was surprised."

my experience as well

3/13/2015 12:12:40 PM

my wife received a bill for state taxes in NC when we didn't live or work there - we just had to send them documentation that we didn't live or work there and it went away - we did have to send it in twice though due to a mixup

3/13/2015 12:17:56 PM

your mistake was taking out student loans in the first place

jk jk jk

3/17/2015 8:52:12 PM