Tax Law (Questions About Taxes)/1098-E / w-9s Forms &

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Question
I received a letter from the IRS re: my 2010 taxes informing amount reported to IRS and me for 2010 are different. I have 2 issues:
1. I claimed student loan interest deductions from 2 different loans I have.  I received a 1098-E form from one institution (Great Lakes) but from the other I didn't because they informed I didn't turn in my W-9s form (Citibank student loans but is not federal loan).  In this letter from citibank, they informed they didn't send 1098-e form due to this form not recived but they did inform the amount of interest that was paid for 2010 tax year.

Can I send the amended 2010 tax form to include this interest from Citibank even though they didn't report to IRS for 2010?   If not, how I do receive the correct info from 2010 tax year to claim?

2. I forgot to include Pensions and Annuities for 2010 tax year.
Do I just add this into the amended form for 2010?


Thanks for your help :)

Answer
Amy,

Thanks for your question.

Since the IRS has contacted you, you can't do an amended return, but must file a response to their inquiry.  You should detail, with documentation, what you have told me and send it, along with a copy of the letter they sent you.

Hope this helps.

John Stancil, CPA

Tax Law (Questions About Taxes)

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John Stancil, CPA

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I can answer questions on personal income taxes, partnerships, and some corporate income taxes. I can deal with some state tax questions. Limited gift and estate tax questions. I am also familiar with ministerial and church tax reporting issues. I am Professor Emeritus at Florida Southern College. Sales taxes and property taxes are state and local issues so I am not likely be be able to give you an in depth answer on those types of taxes. I have maintained a CPA practice, specializing in tax, for over 35 years. I am a member of the National Association of Tax Professionals, The Florida Insititute of CPA's, The NCPE Fellowship. In addition I am a Certified Mentor for SCORE. Visit my website at www.mybaldcpa.com. I also offer seminars and consultations to churches and clergy on their tax issues at www.churchtaxsolutions.com Also visit my blog, www.thetaxdocspot.com. I am listed on Tax Connections at https://www.taxconnections.com/profile/John-Stancil/12258973 Prepare and file your own taxes at www.1040stancilcpa.com

Experience

I hold a doctorate in Accounting, and am a CPA. My certifications of CIA, CFM, and CMA are inactive. I passed all certification examinations on the first attempt, and received honorable mention for my scores on the CIA exam. I have operated a CPA firm for over 37 years and have taught accounting and tax at the college level for over 35 years.

Organizations
FICPA, NATP, NCPE Fellowship, Lakeland Business Leaders

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The CPA Journal, Florida CPA Today, Green Consumer, Green Business, Global Sustainability as a Business Imperative, Palmetto Review, NATP TaxPro Quarterly, Mustang Journal of Finance and Accounting.

Education/Credentials
DBA University of Memphis MBA University of Georgia BS in Accounting Mars Hill University

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