- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Education
No, @KrisD15 I think you’re wrong on this one. @buhockey21 said they were in a similar situation to me which I take to mean: their employer is providing them with tuition coverage and the education they’re receiving meets the criteria to not report excess income.
No, agree, they can’t use the lifetime learning credit but, what you said about them reporting the excess as income is also wrong.
They probably qualify for their employer to not report it under the Working Fringe Benefit exception that this post is about.
@buhockey21 if you meet the criteria we were discussing earlier then your employer can issue you a corrected W2 if they go through verifying each of your courses in your education program. This is what is happening for me because my employer agreed to do it when I notified them and let them know what I would do if they didn’t make the correction following the tax law.