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Advanced Scenario 6: Matthew Clark

Interview Notes

• In September 2014, Matthew enrolled in college to pursue a bachelor’s degree. He had no other post-secondary education. Brown College is a qualified educational institution.

• Matthew does not have a felony drug conviction.

• Matthew brought a Form 1098-T and an account statement from the college. The Form 1098-T includes the amount billed for the Spring 2015 semester. Matthew has not yet paid this amount.

• The terms of Matthew’s scholarship require that it be used to pay for tuition.

• Matthew took a distribution from his IRA to pay for some of his education expenses. All his IRA contributions were deductible in the year he made them.

• Matthew’s 67-year-old mother, Deborah, moved in with him in February 2014. Deborah was widowed five years ago and has not remarried.

• Matthew provided more than half of his mother’s support for the year and all the cost of keeping up the home.

• Deborah’s only income was $6,800 in social security benefits.

• None of Deborah’s social security income is taxable, and she is not required to file a tax return.

• Matthew had minimum essential health care coverage all year through his employer. Deborah was covered by Medicare Part A all year.

• Matthew was solvent at the time the credit card debt was cancelled.

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