I am 28 years old, have my own income, I am a student, and I paid for most of my tuition myself (with some Financial Aid, and Employer-assisted help). I was technically in an Associate-Degree program and graduated in December. I am now currently enrolled in a Bachelor's program. I am assuming that because I was in an Associate-Degree program that it seems as though I am in my first four years of college.
The IRS disallowed my 2014 AOTC because they state that the income/deductions reported on my 2014 form 1040A do not mach what was reported to them by my payer/trustees. I don't even know what that means.
In 2014, I certainly did not pay as much in tuition as I did this year, by far. So I'm assuming I screwed up somewhere in my 2014 tax returns and wasn't actually eligible that year.
I Just want to pay the IRS the money I owe, hopefully with my 2016 tax returns. However, if this credit is offered to me this year, I don't want to run into this issue again.
