Tax

Have a tax question? Ask a tax Expert

Ask an Expert,
Get an Answer ASAP!

On my 8863 in 2014 form i accidentally on the question "did…

Customer Question
on my 8863 in 2014...
on my 8863 in 2014 form i accidentally on the question "did the student complete the first 4 years of post-secondary education before 2014" I put "yes" instead of "no," i received the life learning credit when maybe I should have gotten the American Hope Credit.... Do I have to amend my 2014 8863 form?
Submitted: 2 years ago.Category: Tax
Show More
Show Less
Ask Your Own Tax Question
Answered in 2 minutes by:
2/17/2016
Tax Professional: Lev, Tax Advisor replied 2 years ago
Lev
Lev, Tax Advisor
Category: Tax
Satisfied Customers: 32,861
Experience: Taxes, Immigration, Labor Relations
Verified

If you qualify for the American Opportunity Credit (which is used instead of Hope credit) - and if you want to claim it - then yes - you would need to amend your 2014 tax return using form 1040X - and attach corrected form 8863.

Most likely - you will be getting additional refund.
Let me know if you need any help with reporting.

Ask Your Own Tax Question
Tax Professional: Lev, Tax Advisor replied 2 years ago

If you discover an error after filing your return, you may need to amend your return.

Use Form 1040X, Amended U.S. Individual Income Tax Return, to correct a previously filed individual tax return.

Generally, to claim a refund, you must file Form 1040X within 3 years after the date you filed your original return or within 2 years after the date you paid the tax, whichever is later.

File a separate Form 1040X for each tax year you are amending. Mail each form in a separate envelope. Be sure to enter the year of the return you are amending at the top of Form 1040X. The form has three columns:

  • Column A shows original figures (the original return) or adjusted figures (prior amendments or exam changes).
  • Column C shows the corrected figures (what they should be).
  • Column B is the difference between Columns A and C. There is an area on the back of the form to explain the specific changes you are making and the reason for each change.

Attach copies of any forms or schedules affected by the change.

For instance - in your situation - you will need to attach form 8863.

See Where To File in the Form 1040X Instructions for the address to mail your amended return.

As you are in Minnesota - use following address - Department of the Treasury Internal Revenue Service Fresno, CA###-##-####

Let me know if you need any help with reporting.

Otherwise,

I appreciate if you take a moment to rate the answer.
Experts are ONLY credited when answers are rated positively.
If you still have any doubts, need clarification - please be sure to ask.
I am here to help you with all tax related issues.

Ask Your Own Tax Question
Was this answer helpful?
Ask Lev Your Own Question
Lev
Lev
Lev, Tax Advisor
Category: Tax
Satisfied Customers: 32,861
32,861 Satisfied Customers
Experience: Taxes, Immigration, Labor Relations

Lev is online now

A new question is answered every 9 seconds

How JustAnswer works:

  • Ask an ExpertExperts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional AnswerVia email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction GuaranteeRate the answer you receive.

JustAnswer in the News:

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

What Customers are Saying:

I really was impressed with the prompt response. Your expert was not only a tax expert, but a people expert!!! Her genuine and caring attitude came across in her response...

T.G.WMatteson, IL

I WON!!! I just wanted you to know that your original answer gave me the courage and confidence to go into yesterday's audit ready to fight.

BonnieChesnee, SC

Great service. Answered my complex tax question in detail and provided a lot of additional useful information for my specific situation.

JohnMinneapolis, MN

Excellent information, very quick reply. The experts really take the time to address your questions, it is well worth the fee, for the peace of mind they can provide you with.

OrvilleHesperia, California

Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help.

Mary C.Freshfield, Liverpool, UK

This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!!

AlexLos Angeles, CA

Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult.

GPHesperia, CA

< Previous | Next >

Meet the Experts:

Wallstreet Esq.

Wallstreet Esq.

Tax Attorney

586 satisfied customers

10 years experience

Mark D

Mark D

Enrolled Agent

1,338 satisfied customers

MBA, EA, Specializing in Business and Individual Tax Returns and Issues

Richard

Richard

Tax Attorney

4,495 satisfied customers

29 years of experience as a tax, real estate, and business attorney.

PhillipsEsq.

PhillipsEsq.

Attorney-at-Law

59 satisfied customers

B.A., M.B.A, J.D.

Robin D.

Robin D.

Senior Tax Advisor 4

15,272 satisfied customers

15years with H & R Block. Divisional leader, Instructor

Megan C

Megan C

Certified Public Accountant (CPA)

8,655 satisfied customers

Licensed CPA, CFE, CMA, CGMA who teaches accounting courses at Master's Level

jgordosea

jgordosea

Enrolled Agent

2,885 satisfied customers

I've prepared all types of taxes since 1987.

< Previous | Next >

Related Tax Questions
Filing an amended return. When filing an amended return for
Filing an amended return. When filing an amended return for S corp (1120S) for previous year do I need to include all forms included with original return, or only forms with any changes?… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,272 satisfied customers
Irs tax question: If I file an amended return, will it
irs tax question: If I file an amended return, will it eliminate the understatement penalty? What should I do? Please provide IRS references.… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,272 satisfied customers
Do i need to file amended return if I received a W2C in box
Do i need to file amended return if I received a W2C in box 12 Code W? It will impact my form 8889 in line 9 part 1. But it will not impact my line 13 in Form 8889. Do I still need to make amended tax… read more
Barbara
Barbara
Enrolled Agent, Paralegal
5,132 satisfied customers
Have question regarding filing of amended return for earlier
Hi Pearl, have question regarding filing of amended return for earlier year … read more
emc011075
emc011075
Senior Tax Specialist
Bachelor's Degree
16 satisfied customers
I am filing out form 1040X because form 982 exclusion amount
I am filing out form 1040X because form 982 exclusion amount was incorrectly reported. There is no tax due or any extra refund to be received. I am confused about line 19 of this form. Original tax sh… read more
Barbara
Barbara
Enrolled Agent, Paralegal
5,132 satisfied customers
I am filing an amended return because I forgot a W2 with my
Hello. I am filing an amended return because I forgot a W2 with my original return filed last week. I am getting a refund anyway but do I need to send a check with the 1040X for the difference or will… read more
Chad EA, CFP ®
Chad EA, CFP ®
IRS Enrolled Agent, CFP(R),
Master\u0027s Degree
2,244 satisfied customers
If I'm filing an extension on my tax individual tax return
If I'm filing an extension on my tax individual tax return and don't know my tax liability, payments, balance due, or amount I'm paying for 2017 on the "Part II Individual Income Tax" section - what s… read more
Barbara
Barbara
Enrolled Agent, Paralegal
5,132 satisfied customers
I submitted Form 1040X for my 2016 return in February. I
I submitted Form 1040X for my 2016 return in February. I checked the status on the web page and it showed that the form was processed on March 3. I have been informed by Socials Security that I need t… read more
Mark Anderson
Mark Anderson
Attorney
Doctoral Degree
10 satisfied customers
I neede\ to file an amended return. How do I go about this?
I neede\ to file an amended return. How do I go about this? … read more
abci168
abci168
Principal
27 satisfied customers
Tax Question: Doing amended returns, is it better to do form
Tax Question: Doing amended returns, is it better to do form 1045? How does that work? There's an NOL from 2017 that needs to be applied to 2015. What are the advantages and disadvantages.… read more
PDtax
PDtax
Owner
Master\u0027s Degree
1 satisfied customers
I forgot to file an 1040x Amended return, to include a
I forgot to file an 1040x Amended return, to include a 1099-R, from last year, and I still have the form. Can I still send it in with the payment, even though it's been 1 year? … read more
Barbara
Barbara
Enrolled Agent, Paralegal
5,132 satisfied customers
Tax Question: Doing amended returns, is it better to do form
second opinion] Tax Question: Doing amended returns, is it better to do form 1045? How does that work? There's an NOL from 2017 that needs to be applied to 2015. What are the advantages and disadvanta… read more
Carter McBride
Carter McBride
LLM
1,078 satisfied customers
I'd like to file an amended return and include tax
I'd like to file an amended return and include tax deductions for repairs completed on my 4plex using a 203k fha rehab loan. Do you know if there are limitations in using tax deductions when the work … read more
Lev
Lev
Tax Advisor
32,861 satisfied customers
I had to file an amended return after I filed with E-tax.
I had to file an amended return after I filed with E-tax. There is a mistake on their preparing my 1040. I tried to talk to them but I could not understand what they were saying. I am 92 years old and… read more
NPVAdvisor
NPVAdvisor
CFP Licensee and Practitioner
Master's Degree
180 satisfied customers
I have a tax question about filing an amended return, NY and
I have a tax question about filing an amended return … read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,272 satisfied customers
This question is about the American Opportunity Credit. My
This question is about the American Opportunity Credit. My daughter was enrolled in community college for Spring of 2017 semester half time. She ended up withdrawing from all classes and it was too la… read more
PhillipsEsq.
PhillipsEsq.
Attorney-at-Law
JD
59 satisfied customers
Regarding filing amended returns, the year we're amending is
Regarding filing amended returns, the year we're amending is within the 3-year SOL but the reciprocal year to correct the mistake in Accrued Income is outside the SOL and will be a Tax Due situation. … read more
Dr. Fiona Chen
Dr. Fiona Chen
President
Ph.D.
1,027 satisfied customers
Adjusted individual tax return for 2014(Iowa),says no
Adjusted individual tax return for 2014(Iowa),says no response to letter of inquiry,disallowed health insurance. deduction.says my wife and I owe$600.00.she called # and was told to show proof of insu… read more
NPVAdvisor
NPVAdvisor
CFP Licensee and Practitioner
Master's Degree
180 satisfied customers
Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Show MoreShow Less

Ask Your Question

x