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OCC ADVISORY LETTER FFIEC it Examination Handbook InfoBase Ithandbook Ffiec Form

OCC ADVISORY LETTER FFIEC it Examination Handbook InfoBase Ithandbook Ffiec Form

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we'll be going over how to claim the lifetime learning tax credit also known as the LLC in some of the IRS Forms and Publications so uh first we're going to talk a little bit about the lifetime learning credit and how it dep differs from the American Opportunity tax credit uh both of those are filed on IRS form 8863 but we'll get into the nuances of how they're different we'll talk about the the credit amount uh the eligibility criteria like who can claim the tax credit and uh under what circumstances we'll actually go through uh the mechanics of claiming it and uh to do that we'll actually walk through uh the parts of IRS form 8863 as if we were trying to claim it on our tax return so let's go ahead and begin so a little bit about the lifetime learning uh credit it's a tax credit for qualified educational expenses broadly speaking uh the IRS considers tuition and the Mand mandatory course enrollment fees uh to be

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