tag:blogger.com,1999:blog-6318055043707993918.post5663646944923632275..comments2024-02-20T02:12:18.090-05:00Comments on THE WANDERING TAX PRO: ANOTHER CREDIT – FORM 8880Robert D Flachhttp://www.blogger.com/profile/06034127763662917220noreply@blogger.comBlogger18125tag:blogger.com,1999:blog-6318055043707993918.post-29135384625228155042009-03-08T20:47:00.000-04:002009-03-08T20:47:00.000-04:00This credit is not applicable for folks filing joi...This credit is not applicable for folks filing jointly who make more than $53,300 gross income...which is near poverty. Too bad anyone can't take this credit...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6318055043707993918.post-52662900712761026162009-01-22T15:33:00.000-05:002009-01-22T15:33:00.000-05:00Guys-No disrespect meant - but don't expect me to ...Guys-<BR/><BR/>No disrespect meant - but don't expect me to give a rat's arse about tax software problems.<BR/><BR/>You know how I feel about tax software!<BR/><BR/>TWTPRobert D Flachhttps://www.blogger.com/profile/06034127763662917220noreply@blogger.comtag:blogger.com,1999:blog-6318055043707993918.post-40755395690257128622009-01-22T15:08:00.000-05:002009-01-22T15:08:00.000-05:00TaxCut is not TurboTax - it is H&R Block softw...TaxCut is not TurboTax - it is H&R Block software.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6318055043707993918.post-52341219763386888352009-01-22T14:51:00.000-05:002009-01-22T14:51:00.000-05:00If the IRS website has it how come HR Block doesn'...If the IRS website has it how come HR Block doesn't???? I'm waiting on them too!Michael and Cristihttps://www.blogger.com/profile/11831062525896891389noreply@blogger.comtag:blogger.com,1999:blog-6318055043707993918.post-11848737489561103422009-01-22T00:33:00.000-05:002009-01-22T00:33:00.000-05:00i'm waiting for the same form at hr block onlinei'm waiting for the same form at hr block onlineUnknownhttps://www.blogger.com/profile/12395639169275964663noreply@blogger.comtag:blogger.com,1999:blog-6318055043707993918.post-83302161862422421972009-01-20T06:27:00.000-05:002009-01-20T06:27:00.000-05:00Anon-If you were a full-time student attending cla...Anon-<BR/><BR/>If you were a full-time student attending classes you would get nothing - regardless of income.<BR/><BR/>Forget TurboTax. The 2008 Form 8880 is available to download at the IRS website.<BR/><BR/>TWTPRobert D Flachhttps://www.blogger.com/profile/06034127763662917220noreply@blogger.comtag:blogger.com,1999:blog-6318055043707993918.post-13967819196473517312009-01-19T22:50:00.000-05:002009-01-19T22:50:00.000-05:00I got the same error message as well. I'm a full-...I got the same error message as well. I'm a full-time student as well, physically attending classes. If my income was $16k, how much would I get? Is it worth the wait for the fix? Thanks.<BR/><BR/>-MandoAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-6318055043707993918.post-51408157008215947902009-01-19T19:22:00.000-05:002009-01-19T19:22:00.000-05:00I just tried to file with TaxCut Online and they s...I just tried to file with TaxCut Online and they said Form 8880 won't be available until later this month. Perhaps that's the 2-3 week delay Anonymous was talking about.Tarahttps://www.blogger.com/profile/06574235611152689251noreply@blogger.comtag:blogger.com,1999:blog-6318055043707993918.post-88384825787399058462009-01-08T23:50:00.000-05:002009-01-08T23:50:00.000-05:00The college I am enrolled at is birck and mortar c...<B> The college I am enrolled at is birck and mortar college (Baker College). They offer both classroom and 100% online degrees. Thanks Robert! </B>Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6318055043707993918.post-75483218113017053192009-01-08T14:53:00.000-05:002009-01-08T14:53:00.000-05:00Anon-Based on just the very little information you...Anon-<BR/><BR/>Based on just the very little information you have provided it seems you would be entitled to the credit.<BR/><BR/>Your income as a married couple filing a joint return - $44,000+ - is less than $53,000 but more than $34,500, so you should get a $200 credit (assuming you meet all the other qualifications).<BR/><BR/>TWTPRobert D Flachhttps://www.blogger.com/profile/06034127763662917220noreply@blogger.comtag:blogger.com,1999:blog-6318055043707993918.post-7658866871866729412009-01-07T06:04:00.000-05:002009-01-07T06:04:00.000-05:00Just checking..... My wife does not wor...Just checking..... <BR/><BR/> My wife does not work and I made a little under 45K this past year and I contributed almost 2.5 thousand to my 401K. My wife and I file jointly every year as well. I stopped contributing around late November/early December for being a bit financially strained. I should still qualify and get the credit right?<BR/><BR/> ThanksAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-6318055043707993918.post-61128066704962920432009-01-05T07:48:00.000-05:002009-01-05T07:48:00.000-05:00Anon-I am confused.First, there is no law that I k...Anon-<BR/><BR/>I am confused.<BR/><BR/>First, there is no law that I know of that says you must claim a credit to which you are entitled.<BR/><BR/>You do not delete the form - you simply do not include it in your filing.<BR/><BR/>What do you mean you would have to wait 2-3 weeks for $90? The return should not take 2-3 weeks longer to process because of this credit.<BR/><BR/>Hey $90 is better in your pocket than in Uncle Sam's!<BR/><BR/>TWTPRobert D Flachhttps://www.blogger.com/profile/06034127763662917220noreply@blogger.comtag:blogger.com,1999:blog-6318055043707993918.post-8293253091268771782009-01-05T00:12:00.000-05:002009-01-05T00:12:00.000-05:00Do I have to take this credit. I will have to wai...Do I have to take this credit. I will have to wait an extra 2-3 weeks for 90 bux. not to mention i lost a lot of money in my 401k anyway. i dont know much about this but i know i would rather not wait. Can i delete the form without going to prison or something stupid like getting audited?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6318055043707993918.post-3699502946365365642009-01-04T09:47:00.000-05:002009-01-04T09:47:00.000-05:00Mrayo-To quote the IRS instructions for the 2007 F...Mrayo-<BR/><BR/>To quote the IRS instructions for the 2007 Form 8880:<BR/><BR/>“You cannot take the credit if …the person(s) who made the qualified contribution or elective deferral…was a student.<BR/><BR/>You were a student if during any part of 5 calendar months of 2007 (or 2008) you:<BR/><BR/>*Were enrolled as a full-time student at a school, or<BR/><BR/>* Took a full-time, on-farm training course given by a school or a state, county, or local government agency.<BR/><BR/>A school includes technical, trade, and mechanical schools. It does not include on-the-job training courses, correspondence schools, or schools offering courses only through the internet.”<BR/><BR/>The instructions seem to imply that you must actually be physically attending classes. Because your program is 100% online you may be able to claim the credit. Is the educational institution that is offering the program an online institution, or is it a real “brick and mortar” school that offers both classroom teaching and online alternatives?<BR/><BR/>TWTPRobert D Flachhttps://www.blogger.com/profile/06034127763662917220noreply@blogger.comtag:blogger.com,1999:blog-6318055043707993918.post-18184556159383081222009-01-04T02:20:00.000-05:002009-01-04T02:20:00.000-05:00Line 22 on my 1040A is less thatn $39,000 for 2008...<B> Line 22 on my 1040A is less thatn $39,000 for 2008, but I was a student (enrolled as a 100% online student taking BS ComSci), does that mean I can't use this credit? </B>Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6318055043707993918.post-14933721146798860342008-11-20T10:38:00.000-05:002008-11-20T10:38:00.000-05:00I love the 8880. A few years ago I just happened ...I love the 8880. A few years ago I just happened to hear about it as I walked past my tv. I am 60 now and will be withdrawing from my IRA soon - but with this free money offer - I beg, borrow or steal enough to get the maximum amount as retirement savings credit. I tell lots of people, but most don't have or are not willing to take money from their savings for an IRA and thus qualify for this free money. Go figure.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6318055043707993918.post-74829512721581145892008-09-24T07:14:00.000-04:002008-09-24T07:14:00.000-04:00Anon-Sometimes yes - sometimes what.In this case y...Anon-<BR/><BR/>Sometimes yes - sometimes what.<BR/><BR/>In this case yes!<BR/><BR/>TWTPRobert D Flachhttps://www.blogger.com/profile/06034127763662917220noreply@blogger.comtag:blogger.com,1999:blog-6318055043707993918.post-10914078430625801672008-09-24T07:05:00.000-04:002008-09-24T07:05:00.000-04:00Is this a great country or what?Is this a great country or what?Anonymousnoreply@blogger.com