MichaelG81
Expert Alumni

After you file

It depends, if your 1098-T is much different in amounts reported by you it could have a positive or negative affect on your refund. The IRS may not approve and if rejected just fix the errors and re-enter the correct numbers for EIN and amounts in the Boxes of Form 1098-T, and also all your other educational related expenses. 

 

According to the IRS: 

April 18 tax deadline: This year, the filing deadline is April 18 for most taxpayers, but automatic six-month extensions of time to file are available for anyone for free. See Extension of Time to File Your Tax Return for instructions. Taxpayers should be aware that filing Form 4868 only extends the time to file tax returns. Those who owe taxes should still pay by April 18 to avoid late payment penalties.

 

If you owe:  after amending or fixing a return (if rejected), if they refunded the money, you can send in before April 18, 2023 to avoid penalties.

 

@allisonstamatell

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