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​You must obtain a copy of the college account statement. You may only use the payments actually made in 2013. If questioned by the IRS, the 1098-T is worthless for anything more than the amount of grants and scholarships. You cannot rely on the amounts in box 1 or 2. Get the account statement and use the information from it.

Is this why he can pitch with either arm, he's part frog? lol

Use of this important practice tool can minimize professional liability risk, reduce confusion, improve collections, and ensure clients have a good understanding of the practitioner’s role. http://www.journalofaccountancy.com/issues/2015/jun/tax-engagement-letters.html

Option 1 is viable as long as it was intended to be a loan and loan documents were drawn up. Option 2 is viable if taking the money was disguised wages. Option 3 is viable since that is what it probably really is. No deduction to the corp for this. Not sure I understand option 4. The corp would pay tax on the money under option 1 and 3 anyway. Absent loan docs, I would probably opt for a combination of options 2 and 3 unless the shareholder is already taking a fair wage; or unless the shareholder is not entitled to a wage, I,e, he did not work for the corp.

My understanding was that transcripts via e-services are available, and that transcripts requested by taxpayers via the "get transcript' are not.

​Just a realist. I get a real kick out of the requirements the IRS puts on us to protect our clients' information...

Jack, you're a real optimist!

​If they wait till their systems are secure, it will be 2020.

People cannot contribute to a traditional IRA after age 70.5 (the RMD age when they have to start taking the money out). They can contribute to a SEP or solo 401k if they are still working and to a Roth if they are within the income range. I don't believe farmers have different rules, but maybe someone else knows.

A refreshing dip...... A warm towel afterwards...... And the joy of Grandchildren...