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Posted by bono9763@yahoo.com on June 21, 2007, 5:43 pm
Please log in for more thread options simonle...@yahoo.com wrote:
> I received a letter from the IRS stating that they were
> making a correction to my student loan deduction. They
> included a payment coupon for the taxes that are owed. They
> also state that if i wish to challenge I can contact them.
>
> Will challenging this change subject me to a full audit? Or
> will they simply ask for some documentation of my student
> loan deduction tax forms? I feel that they may have not
> received the notification from my student loan lender
> regarding how much student loan interest I payed.
Did they say why they were not allowing your student loan
deduction? Challenging this change would not normally open
you up to a full audit, unless there was something else
going on that found out about, e.g fraudulent use of a SSN.
You can call them using the phone number they sent you or
send in documentation of your student loan interest payments
(you did just deduct the interest, not the full payment,
right?)
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