I made a Tax mistake, Is there any time limit to return that money back to IRS ?
I have a question regarding taxes. During my Master I have claimed for education benefits while filing taxes (form 1098-T) that was in April 2011 and I received some money in refund. Later I came to know being International Student and non-resident I am not eligible to receive any educational benefits. Now I would like correct my mistake by re-filing the form. I just want to know is there any time limit to return that money back to IRS. I read somewhere that IRS accepts money if filed within 3 years but not sure. Please let me know how can I correct my mistake? Importantly the time duration because, I don't have any job now to pay back?
This was posted on https://www.facebook.com/desiopt1 on April 7th 2013
I have a question regarding taxes. During my Master I have claimed for education benefits while filing taxes (form 1098-T) that was in April 2011 and I received some money in refund. Later I came to know being International Student and non-resident I am not eligible to receive any educational benefits. Now I would like correct my mistake by re-filing the form. I just want to know is there any time limit to return that money back to IRS. I read somewhere that IRS accepts money if filed within 3 years but not sure. Please let me know how can I correct my mistake? Importantly the time duration because, I don't have any job now to pay back?
This was posted on https://www.facebook.com/desiopt1 on April 7th 2013
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