Tax Question: 1098-T Box 5: Scholarships or Grants?
The instructions for Box 5 for form 1098-T says that "The amount of scholarship or grants for the calendar year (including those not reported by the institution) may run down the amount of any allowable tuition and fees deduction or the coaching credit you may claim for the year."How do I know exactly if this is the case? If my tuition and fees speculation are being reduced? Should I automatically subtract box 5 from box 2 or 1? (I solitary have numbers enter in box 2 of my 1098-T, Box 1 is blank.)
Answers: Subtract the amount within box five from the amount shown in box one or two and you hold the correct amount to report for tuition credits.
Does anyone enjoy a phone # for rapidtax.com? its be 5 days since i file for the 2 sunshine nippy discount.?
their link i.e. supposed to show your status on your refund other claims that it doesnt recognize my me. the irs have already accepted me but no word from nippy tax on my return status. they only enjoy 1 # on their site and its automated and also dosent recognize me. its be 5 days and i dont have my 2 year rapid settlement yet. and its impossible to find any instrument to contact them.no phone #s, they dont respond to emails and the live chat they claim to have is nonexistent. im feed up.Answers: Send me an email at wv(a)rapidtax.com and we'll take nurture of you. We are busy, but we do try to take perfectionism of everyone. Otherwise, if you submitted your return, a good style to reach us is by going away a note on your status page. It's much faster than email. If your return be accepted, and you applied for the 1-2 light of day Rapid Access Loan, you can check your refund status at www.sbbtral.com. Our sincere apologies for any issues and belatedly responses. Our first priority is to get your returns out to the IRS. And to answer the post below, in attendance is one ripoff report this year and that lady have her return efiled by us and she was refund her money. We also paid for certified communication delivery of her check twice (the first time, the postman couldn't find the address). If that's a ripoff, we get ripped off. If you enjoy an issue please call at the number that be given 718-779-8240. It's not a computer! You will eventually reach someone. Or please distribute me an email, wv(a)rapidtax.com. We want to take supervision your you. And whoever you are below, I don't have a dictation of you based on your username. Please distribute me an email. Bill
Good luck to you...I am having indistinguishable issues...when you call Rapid Tax earlier bus hours there is an chance to talk to a human...the minute they interested it's removed and you get 2 parley to a computer..
I'm thinking class action lawsuit would be the best.they've be doing this to many relations...check out RipOff report.com
What is a CP-05 missive or sense from the IRS?
My refund is on hold and I am waiting on a CP-05 from the IRS. What are they looking for and why do I want to receive this form?Answers: a cp05 is just a make out letter of a hitch, you could still get your discount, do you have a mention code? when did you file