Question by R.Regnig: Does this statement of Romney’s make sense?
” Particularly with the number of college graduates that can’t find work and can only find work well below their skill level , I fully support the effort to extend the low interest rate on student loans ” Mr. Reg notes a problem . Someone has been sold a bill of goods . Pretend Mr. Reg quite responsibly gets a degree . Mr. Reg simply can’t afford the cost of a modern education . Well , of course only flipping hamburgers it’s nice Mr. Reg is not stung on high interest rates to boot . Nevertheless who buys it on what Mr. Regs skill level is actually good for anything ? Employers . Where is the problem ? Lets say Mr. Reg paid rapt attention in College and really learned the stuff . So we’ll say that Mr. Reg is no dummy but what did College really teach him ? How to be an egghead puppet plagiarizer instead of holding unique internal values; taking the risk and going at life for good or ill on it . So instead the governmental solution is to throw money at it , nevertheless you must pay for it in the bitter end .
Answer by Quynton
This looks like a rant.
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Question by jenls79_04: I went through jackson hewitt for my tax prep and was charged 0 for 6 forms. Is this the norm?
I was told the standard average fee was $ 99 with additional charges for additional forms. I had 6 forms total, and when she was done (only 35 min later), she handed me a $ 300 bill. I filed short form (not long). Is this the standard for tax prep fees, or should I be questioning this amount?
I had four 1099’s and a 1098. Like I said, it only took her 35-40 minutes from the time I walked in, until I left the office. I never knew that I could possibly dispute the fee, or leave after she was done if I was dissatisfied with the fee. Maybe I can still stop the process, and go elsewhere (or file myself with costs like that). It was only a few hours ago that I had it done.
Answer by just me
What were the forms she had to use? How many W2s and/or 1099s did you have? Hard to say without knowing the details.
At H&R you do not have to accept the return if you don’t like the price.
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Question by Sarah: Who can claim this tax deduction on this student loan?
My mom took out a Direct Loan’s Parent Plus Loan for me for college. I pay the loan but everything is in my mom’s name & SSN. The Direct Loan’s sends us a form regarding interest payments that can be taken as a tax deduction ( I forget the name of the exact form now ). My mom’s CPA is telling her that she cannot take the deduction that I have to even though none of the forms and/or information is reported to the IRS in my name (as it’s all my mom’s info). Shouldn’t my mom be able to use this on her taxes instead of me? ( I cannot itemize and as I said none of the information is in my name or reported under my SSN.)
Answer by tro
quoting from CCH and your mother’s CPA will know what that is
“this is an above the line adjustment(also something the CPA understands) as a deduction is allowed for qualifying tuition and related expenses paid in 2011 for enrollment or attendance by the taxpayer, taxpayer’s spouse or dependent in any accredited post secondary institution
there some limitations which you can find on form 8863
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Question by Luna7608: Does this qualify as a deduction for tuition from attending college?
I’m doing a tax return assignment for school and I’m not sure if this can be deducted and if so where. This is for a woman who is a high school teacher and she pays $ 2100 in tuition and fees for courses she is taking to obtain an advanced degree in eduction. She paid $ 519 in student loan interest on her student loans. This degree is to improve her work skills in her current field so can this be deducted and if so how? I’m using an H &R block software. Thank you.
Answer by Quick Answers
Get IRS publication 970 and read the sections for Lifetime learning as well as for work-related business deductions.
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http://www.breitbart.com/Big-Government/2012/11/29/1-Trillion-Dollar-Bailout-The-Student-Loan-Catch-22 http://www.freespeak.net (Our new social media website…