Audited over Scholarshare 529 withdrawals?

Mythreesons
Thu, 08 Oct 2009 16:47:11 +0000

I wish I could remember more details, but I get 529 payments to me (parent) and got a similar letter from the IRS. After calling the IRS, I was told that they just didn’t have a good mechanism for identifying 529 payments. I was told to return the forms writing in certain information on them. No “proof” was necessary, and that was the last I heard of it. I suggest you look for an information number of the papers and explain the situation. They gave me an easy solution.