Federal Supporting Documents to Prove American Opportunity Credit
Extracted from PDF file 2017-federal-form-886-h-aoc.pdf, last modified May 2017
Supporting Documents to Prove American Opportunity CreditDepartment of the Treasury - Internal Revenue Service Form 886-H-AOC (May 2017) Supporting Documents to Prove American Opportunity Credit We need to verify that you are eligible to claim the American Opportunity Credit shown on your tax return. For each student for whom you claimed the American Opportunity Credit, provide proof of enrollment in an eligible educational institution: • Copies of Form 1098-T, Tuition Statement, from each institution the student attended (if provided by the institution) • If any institution did not provide Form 1098-T, copies of other documents that verify enrollment, such as transcripts or other enrollment forms. The document(s) must include the institution’s name, federal identification number, dates of enrollment, and the student’s enrollment status (more than half time, not a graduate student) • Copies of proof of payment of tuition and fees such cancelled checks, bank statements, credit card statements or receipts. Form 1098-T may serve as proof of payment IF payments received are recorded in Box 1 For each student for whom you claimed the American Opportunity Credit, provide proof of payment for other qualified expenses such as additional course related fees, books and supplies: • Copies of cancelled checks, bank statements, credit card statements or receipts • Copies of documents that show the expenses were needed for a course of study, such as course guides, course syllabuses, or letters from the educational institution(s) Certain payments on behalf of the student reduce the amount of qualified expenses. For any student that received any of the following, provide copies of documents that show the amounts received as: • Employer provided educational assistance benefits • Withdrawals from any educational retirement arrangements • U.S. Savings bond interest that is nontaxable because you paid qualified higher education expenses • Veteran’s educational assistance benefits or • Any other nontaxable payment received for education expenses Note: The following expenses are not allowable and do not qualify for the American Opportunities Credit: • Insurance • Medical expenses (including student health fees) • Room and Board • Similar personal, living or family expenses. This is true even if the amount must be paid to the institution as a condition of enrollment or attendance. Catalog Number 53588T www.irs.gov Form 886-H-AOC (Rev. 5-2017)
Form 886-H-AOC (Rev. 5-2017)
More about the Federal Form 886-H-AOC Individual Income Tax Tax Credit TY 2017
We last updated the Supporting Documents to Prove American Opportunity Credit in January 2018, so this is the latest version of Form 886-H-AOC, fully updated for tax year 2017. You can download or print current or past-year PDFs of Form 886-H-AOC directly from TaxFormFinder. You can print other Federal tax forms here.
Other Federal Individual Income Tax Forms:
|Form Code||Form Name|
|Form 1040-V||Payment Voucher|
|Form 1040||U.S. Individual Income Tax Return|
|1040 (Schedule A)||Itemized Deductions|
|1040 (Schedule B)||Interest and Ordinary Dividends|
|Form 4868||Application for Automatic Extension of Time To File U.S. Individual Income Tax Return|
The Internal Revenue Service usually releases income tax forms for the current tax year between October and January, although changes to some forms can come even later. We last updated Federal Form 886-H-AOC from the Internal Revenue Service in January 2018.
Form 886-H-AOC is a Federal Individual Income Tax form. States often have dozens of even hundreds of various tax credits, which, unlike deductions, provide a dollar-for-dollar reduction of tax liability. Some common tax credits apply to many taxpayers, while others only apply to extremely specific situations. In most cases, you will have to provide evidence to show that you are eligible for the tax credit, and calculate the amount of the credit to which you are entitled.
About the Individual Income Tax
The IRS and most states collect a personal income tax, which is paid throughout the year via tax withholding or estimated income tax payments.
Most taxpayers are required to file a yearly income tax return in April to both the Internal Revenue Service and their state's revenue department, which will result in either a tax refund of excess withheld income or a tax payment if the withholding does not cover the taxpayer's entire liability. Every taxpayer's situation is different - please consult a CPA or licensed tax preparer to ensure that you are filing the correct tax forms!
Historical Past-Year Versions of Federal Form 886-H-AOC
We have a total of five past-year versions of Form 886-H-AOC in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
Form 886-H-AOC (Rev. 5-2017)
Form 886-H-AOC (7-2009)
Form 886-H-AOC (7-2009)
While we do our best to keep our list of Federal Income Tax Forms up to date and complete, we cannot be held liable for errors or omissions. Is the form on this page out-of-date or not working? Please let us know and we will fix it ASAP.