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Income Tax Planning
Chapter 9: Tax Credits/AMERICAN OPPORTUNITY TAX CREDIT (AOTC):
Warren Academy Course SyllabusSyllabus Slides
Chapter Study Session

Chapter 9: Tax Credits

AMERICAN OPPORTUNITY TAX CREDIT (AOTC):

01.Core Concepts

ADMINISTRATIVE ISSUES 1. Beginning with 2016 income tax returns, tax preparers must comply with due diligence requirements set forth by the IRS. 2. Taxpayers who fraudulently claim an AOTC on a tax return will be barred from claiming the AOTC for the two subsequent tax years. 3. Claiming AOTC requires the Social Security number for the taxpayer and student, along with the employer ID of the institution tuition was paid to, beginning in 2026.