Ok, here is the situation.. In 2004 I reported my taxes incorrectly. One of my employers never gave me the tax papers so I forgot to report $ 4616. Now, the IRS sends me a letter requesting that I pay the adjusted taxes + interest .. but here is the kicker.. After the adjustmet, I exceeded the limit for lifetime learning credits by $ 18. thats right, 18 dollars. So now they wanted me to pay them back an additional amount of $ 920. + interest.
I sent them a payment of the adjusted taxes and interest for everything but the education credits and then they wrote me a letter that they want the remainder of the balance...
Here is what I need help with..
Has anyone ever asked the IRS to give them a break ? to help them out with something like this ? I want to write a letter to them and ask them to " forgive " this small variation because I am still a full time student and this money is hard to come by ...
Any ideas ? what are my odds of getting them to give me a break ?
Any suggestions for how to word the letter to them ??
_ HELP !