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DFAS Form 705

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    #1

    DFAS Form 705

    I have a client that received a from 705 - Certificate for Income Tax Adjustment for $4734.27. It says if it is over $3000 he could deduct the amount repaid as a miscellaneous deduction or use the amount to compute a credit against your tax. Where can I find info on this subject.? What kind of credit? Is the deduction only if he itemizes?
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    #2
    Form 705

    You might try Googling it. Go to Google and type in the form no. then go search.

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      #3
      Pub 17

      Page 79 right hand col may apply to what you need to do. Not sure.
      Confucius say:
      He who sits on tack is better off.

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