So a few years ago my father passed and after a long legal battle his estate was finally settled(post divorce will alterations upset my mother greatly). I ended up receiving two checks for a good sum of money. One check is non taxable in my home state and the other is, I have 3 days to deposit the checks or they will be cancelled, I need to deposit one to pay my tuition. Here's where it gets sketchy, my mom wants me to say I lost the other check and ask for a reissue, because she thinks it will delay the effect of the check on my financial aid. I feel like this is tax evasion but she claims it's common practice. My tax advisors haven't responded and I am running out of time to decide. Will my the checks effect on my taxes and financial aid be delayed if I don't deposit it? Is it tax fraud to deposit one and purposefully delay the other? Does it matter because the state knows how much money it's paying anyway? (Forgot to mention the checks came through a state program because my father was a state employee)
Submitted January 28, 2017 at 01:30AM by vosinterioiam http://ift.tt/2kDyw1S
