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If Yale gives (even partial) credit for the Dartmouth course, wouldn't it still be part of a degree program?

Just had my fourth online CPE class about PPP Forgiveness on Tuesday, since the Treasury and the SBA keep moving the goalposts. Many banks have yet to start accepting applications. The probable reason that banks are dragging their feet, is that most banks don't have the staff and expertise to process these applications, so they are subcontracting out the processing of these applications to large CPA Firms. If the "automatic forgiveness"for loans less than $ 150k ever goes thru it would save the banks a lot of money, which would go straight to their bottom line.

The banking lobby has pushed for forgiveness of loans under $150,000 but that bill languishes. My bank just sent notices to its customers stating that they are currently entertaining forgiveness applications only for loans over $150,000. I have no doubt the banks are waiting until further action on their bill before asking those with. Loans under $150,000 to submit forgiveness applications.

What Lynn said. "Languishes." My bank has only gotten as far as sending us all a video re what documentation to gather, what to do WHEN they start accepting forgiveness applications. They tell us to get ready, but to WAIT. Although, if your clients were on an eight-week window and DO qualify for 100% forgiveness AND are willing to pay you for your services AND you have time now, go ahead. I'm not touching those applications until after 15 October, even my own.

I would wait. At some point the IRS will get to that mail and process. When that happens, if the amended already happened you could possibly really gum up the system. Just my opinion. Tom Modesto, CA

The instructions to form 8863 cover certain circumstances when the college or university doesn't have to issue a 1098-T and says that it is possible to use those expenses for the education credits, and it lists what other documentation would be required. Expect the IRS to question the credit without a 1098-T from the second school. cbslee is correct - no AOC for non-degree programs As for your questions - #1 - yes, sometimes it works like this. If the 529 is in the son's name, he reports the distribution on his return, and whoever claims the dependent with the education expenses claims the credit. In this case, it would be the lifetime learning credit. No double dip on this - the same qualified education expenses can't be used for the credit and to offset the 529 distribution. The education credit on mom's return probably gives a bigger tax benefit that the offset to the 529, so apply the expenses toward the credit on mom's return first before using any against the 529 on the son's return. The last one I had like this, the parents income was so high that all education credit would have phased out so all of it went toward reducing the 529 on the child's return. #2 - see my answer at the start of this post.

I didn't look this up but if it's non degree program, can you claim AOC?

You know sometimes these colleges get on my last nerve. The 1098-T is an important form. While I always recommend seeing receipts and statements from the bursar's office the 1098-T is important. If the son has not claimed himself and has no education credits on his return, mom should be able to claim the AOC because the son has not completed the first four years of school according to your post. If the son is over 24 and mom and he still qualifies as a dependent on mom's return then you should be able to claim the LLC. I am saying this without knowing all of the detail so I could be incorrect based on the circumstances.

Let them go. If the only thing they are looking at, is your fees, they will find someone cheaper next year. 21 years in this business, and I have a long file drawer full of "looking for cheap" folders. "If you are looking for the cheapest, I am not the person to talk to. If you want the best in the area (Mention any credentials) then we can talk. When a person asks "What do you charge?", I ask them to send me a complete copy of their previous return, then I can give them a more accurate quote. (subject to change, if situations arise). Also, if people start complaining about my price, next season there will be an increase. I find out, if they come to me for my professionalism, or just a price.