NYS "needs more information"


P

Puffin

They need complete documentation on college tuition and deductions.

I have a 1098T, but they also require checks and invoices. I
transferred money from my 529, so there are no checks, and the
invoices were posted online so there are no invoices. (I suppose I
could have printed something out at the time, but didn't; presuming
the 1098T would be proof of what I paid.) I have asked my son to
get the college to send me a listing of invoices and payments, but
that isn't what they have asked for. What do I really need, and how
do I get it.

I know what I paid for doctors visits because it is all recorded on my
check register or VISA statement. I can ask the bank for copies of
the checks, but cannot produce invoices. For the larger users I could
ask for a statement showing invoices for 2009, but again that isn't
what they ask for. Is it enough.

I know what I paid for prescription drugs because the pharmacy print
me out a listing of every purchase. That is neither a receipt,
invoice, nor check, but seems pretty conclusive. Is it.

The big problem is investment management fees. I have 8 investment
accounts (some are mine, some my wife's; they have different
strategies. The fees are directly deducted from the accounts, no
receipts, no check, no invoice.I could send them copies of all my
statements, but at over 500 pages it might mot be the best solution.
I could get the manager to state the fees, but that is not checks
receipts or invioces. 'what do I do.

I am now owed 369 for tuition credit. If I fail to prove anything (or
flollow thaeir suggestion to change to the standard deduction, I will
owe 700 in taxes; for a loss of 1100.After figuring the cost of
copying; if my time has any value, they are right, I probable would do
better by just letting then have it; but that seems like extortion; we
will ruin you like unless you pay us money we both know you don;t owe
us\
\
Any useful advice gratefully appreciated.;
 
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R

removeps-groups

They need complete documentation on college tuition and deductions.

I have a 1098T, but they also require checks and invoices.  I
transferred money from my 529, so there are no checks, and the
invoices were posted online so there are no invoices.  (I suppose I
could have printed something out at the time, but didn't; presuming
the 1098T would be proof of what I paid.)    I have asked my son to
get the college to send me a listing of invoices and payments, but
that isn't what they have asked for.  What do I really need, and how
do I get it.
A list of invoices and payments of those invoices seems sufficient to
me.

I know what I paid for doctors visits because it is all recorded on my
check register or VISA statement.  I can ask the bank for copies of
the checks, but cannot produce invoices.  For the larger users I could
ask for a statement showing invoices for 2009, but again that isn't
what they ask for.  Is it enough.
Yes, copies of checks or lines from your credit card statement is not
sufficient. A detailed invoice showing the date of service, the thing
that was done, doctor's name is sufficient. A lot of invoices just
show a summary total amount.

I know what I paid for prescription drugs because the pharmacy print
me out a listing of every purchase.  That is neither a receipt,
invoice, nor check,  but seems pretty conclusive.  Is it.
Yes.


The big problem is investment management fees.   I have 8 investment
accounts (some are mine, some my wife's; they have different
strategies.  The fees are directly deducted from the accounts, no
receipts, no check, no invoice.I could send them copies of all my
statements, but at over 500 pages it might mot be the best solution.
I could get the manager to state the fees, but that is not checks
receipts or invioces.  'what do I do.
You can put a filter to show only transactions that are investment
fees.
 
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T

Tom Healy CPA

They need complete documentation on college tuition and deductions.

I have a 1098T, but they also require checks and invoices.  I
transferred money from my 529, so there are no checks, and the
invoices were posted online so there are no invoices.  (I suppose I
could have printed something out at the time, but didn't; presuming
the 1098T would be proof of what I paid.)    I have asked my son to
get the college to send me a listing of invoices and payments, but
that isn't what they have asked for.  What do I really need, and how
do I get it.

I know what I paid for doctors visits because it is all recorded on my
check register or VISA statement.  I can ask the bank for copies of
the checks, but cannot produce invoices.  For the larger users I could
ask for a statement showing invoices for 2009, but again that isn't
what they ask for.  Is it enough.

I know what I paid for prescription drugs because the pharmacy print
me out a listing of every purchase.  That is neither a receipt,
invoice, nor check,  but seems pretty conclusive.  Is it.

The big problem is investment management fees.   I have 8 investment
accounts (some are mine, some my wife's; they have different
strategies.  The fees are directly deducted from the accounts, no
receipts, no check, no invoice.I could send them copies of all my
statements, but at over 500 pages it might mot be the best solution.
I could get the manager to state the fees, but that is not checks
receipts or invioces.  'what do I do.

I am now owed 369 for tuition credit.  If I fail to prove anything (or
flollow thaeir suggestion to change to the standard deduction, I will
owe 700 in taxes; for a loss of 1100.After figuring the cost of
copying; if my time has any value, they are right, I probable would do
better by just letting then have it; but that seems like extortion; we
will ruin you like unless you pay us money we both know you don;t owe
us\
\
Any useful advice gratefully appreciated.;
Well, on Saturday I sent off a medium Priority Mail box to IRS filled
with most everything the IRS required for the audit of my 2007
returns. It took the better part of a ream of paper. I was missing a
couple of items, and found a few minor changes from what was on the
returns. It took many hours to make copies of all the stuff and I
don't get to deduct the value of my time <pout>. But the cost of
copying, mailing, etc. is deductible as tax preparation expense, if my
miscellaneous itemized deductions are enough to benefit us this year.

As for your medical deductions, if you didn't keep invoices or
statements from the providers, your choice now is to see if you can
get copies from them. I don't think you need to include all pages of
the investment statements; just the four pages per account that show
the charge (assuming yours are done four times a year); that's 32
pages, not 500. Going forward, make sure that you keep/have receipts
for everything as well as the payment information. Probably your
should keep both paper and electronic formats.
 

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