Late Tuition Reimbursement for 2012

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Late Tuition Reimbursement for 2012

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Posted 01-07-2013, 10:23 PM

ankadeby

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Late Tuition Reimbursement for 2012

I started taking classes last fall and my employer provide tuition reimbursement. however, I am late to file the tuition reimbursement to be counted toward 2012 limit. The deadline was December 18 2012.

Has anyone experienced this before and have suggestions on how I can get ADP ( tuition reimbursement processor) to help me to get the tuition reimbursement to be counted toward 2012 limit instead of 2013? I wanted the reimbursement to be counted toward 2012 limit because I am still taking class this year and I would love to get the full amount for both year.

Is there any legal / tax implication of this that prevent this?

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01-08-2013, 05:04 AM

Jeffbx L9: Master Member sinceAug 2007 Posts4,333 LocationMichigan Reputation 1,597 Followers 1 + Give Rep	That's a question for your employer, not for SD. Twitter [twitter.com]
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01-08-2013, 06:15 AM

PiratePenguin zoomzoomin Member sinceDec 2008 Posts3,633 Locationthe sea Reputation 834 Followers 2 + Give Rep	This is your employers policy. No one will know except them.
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01-08-2013, 06:16 AM

ankadeby

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Quote from Jeffbx

That's a question for your employer, not for SD.

I am asking the HR of my employer. i am trying to ask SD because I wonder if anyone have deal with anything like this before.

I am super nervous thats why i am asking it here Frown

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01-08-2013, 06:24 AM

tennis8363 L7: Teacher Member sinceDec 2008 Posts2,136 Reputation 840 Followers 1 + Give Rep	Unlikely they would do it. They might have to issue a W2-C, etc that is a real pain for your mistake.
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01-08-2013, 09:10 AM

Jeffbx L9: Master Member sinceAug 2007 Posts4,333 LocationMichigan Reputation 1,597 Followers 1 + Give Rep	All you can do is ask & cross your fingers. It will be a hassle for them to allow it, but it's completely up to them whether they will or not. Be very polite, don't make excuses, and if they come through for you, buy them donuts or something to say thanks. That'll get you on their good list.
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01-09-2013, 01:31 PM

ankadeby

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Quote from Jeffbx

All you can do is ask & cross your fingers. It will be a hassle for them to allow it, but it's completely up to them whether they will or not.

Be very polite, don't make excuses, and if they come through for you, buy them donuts or something to say thanks. That'll get you on their good list.

Thanks for the suggestions everyone. The problem is the tuition reimbursement processor is outsourced to ADP. I was talking to various customer service reps but all they said is submit an appeal and we will review it Frown

...

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01-10-2013, 02:05 PM

MNGuy183 L3: Novice Member sinceAug 2011 Posts238 Reputation 73 Followers 0 + Give Rep	The issue with the limit is completely up to your employer. However any amount you receive will count towards your 2013 income at this point. This means that any amount you recieve over $5,250 in 2013 will be taxable. If you had received the benefit in 2012 your tax liability would be lower (assuming your 2013 reimbursement will be greater than $5,250)
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01-11-2013, 05:22 AM

ankadeby

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Quote from MNGuy183

The issue with the limit is completely up to your employer. However any amount you receive will count towards your 2013 income at this point. This means that any amount you recieve over $5,250 in 2013 will be taxable. If you had received the benefit in 2012 your tax liability would be lower (assuming your 2013 reimbursement will be greater than $5,250)

I totally get the tax issue, and I do not mind paying for the tax.

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01-11-2013, 10:55 AM

MNGuy183

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Quote from ankadeby

I totally get the tax issue, and I do not mind paying for the tax.

One other thing to look into on the tax front is you may be able to claim the tuition as a non-reimbursed employee expense (since the money they're giving you is taxable above the $5,250 it is not really a "reimbursement" for tax purposes, it's simply income). You can only claim this if you can prove that the schooling will benefit your current job and NOT make you elligible for promo (meaning your employer can't say you get this schooling and we'll automatically give you a $10k raise) or a new career in a different field, the education must be applicable to your current job.

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01-12-2013, 11:14 PM

YanksIn2009

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Totally up to your company's HR dept as to whether they want to\can have the vendor issue a corrected W2 for 2012 and\or deal with whatever other paperwork is involved in correcting\shifting it to 2012. They are not obligated to obviously since it was your oversight of not following through by the 2012 deadline. Assuming it is not patently against company policy, it probably comes down to what kind of person you are dealing with and whether they give a darn about helping someone out.

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01-15-2013, 11:05 AM

MNGuy183

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Quote from YanksIn2009

I'm not a CPA but my understanding is that as an individual you pay taxes on a cash flow basis. Since he wouldn't be receiving the cash in 2012 I don't think they can ammend your W2's (this would only be if a mistake was made or if a circumstance changed where the amounts on the 2012 W2 were for some reason not taxable ie you are forced to pay back the reimbursement that you received that year).

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Late Tuition Reimbursement for 2012