Ask Experts Questions for FREE Help !
Ask
    bushayija's Avatar
    bushayija Posts: 1, Reputation: 1
    New Member
     
    #1

    Apr 6, 2012, 02:14 AM
    Mistakenly received credit
    Hi ATE,
    I am an international student who received $1000 of American Opportunity Credit last month for the tax year 2011, because a stupid software I used didn't ask whether I was a resident. What penalties am I going to pay and am I going to just write the IRS a check refunding them $1000? Thanks.
    Innocent
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
     
    #2

    Apr 23, 2012, 09:03 AM
    Amend the return using Form 1040X, attaching a properly-prepared Form 1040NR-EZ and Form 8843. Print the word "AMENDED" to the top of the first page of he Form 1040NR-EZ.

    On the Form 1040X, explain your error and ask that the IRS re-instate your non-resident alien status, and that they waive all penalties and interest.

    Enclose a $1,000 check with the amendment. Since you came forward on your own, it is likely the IRS will accept the check and waive all penalties and interest.

Not your question? Ask your question View similar questions

 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Received Summons for Credit card [ 1 Answers ]

I woke up the other morning to a police officer giving me a summons from discover credit card. I have no idea what to do, I don't have a job because of my anxiety and depression. I don't get any funds from the government or work. I don't know what they willl do? I don't own anything (not a house or...

Two credit summons received [ 3 Answers ]

A copy of two identical summons from a creditor was handed to me by an officer of the court, but I signed for nothing, was one of these to be returned to the courts by the officer to acknowledge that I was served?

What to do after credit judgement is received? [ 1 Answers ]

Today I received a judgment against me for a credit card I was suckered into applying for my first semester in college. Original crdeit line of $500 is now over $2000. I have very little knowledge of what exactly a judgement means and what to do. Please HELP!! Where do I go from here? Should I...

What to do after credit judgement is received? [ 1 Answers ]

Today I received a judgment against me for a credit card I was suckered into applying for my first semester in college. Original crdeit line of $500 is now over $2000. I have very little knowledge of what exactly a judgement means and what to do. Please HELP!! Where do I go from here? Thank you!

Received consumer credit summons- [ 2 Answers ]

I received a summons for credit card debt that was charged off but purchased by a collection agent. I have 30 days to respond with my answer since it was left in my door. That gives me until 3/12. My question is I am going to be claiming bankruptcy but I still need to answer this or I was told by...


View more questions Search