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(124th General Assembly) (Amended Substitute Senate Bill Number 122)AN ACT To amend sections 2945.371 and 2945.39, to revive and amend section 2945.38, and to repeal section 2945.38 of the Revised
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Anyone who is eligible to file their taxes and wants to claim the American Opportunity Credit or Lifetime Learning Credit needs to fill out an IRS Form 8863 (AM SUB S B). This form is specifically for education credits and must be completed by individuals who have qualifying education expenses, such as tuition and fees paid for higher education.
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What is am sub s b?
AM Sub S B refers to a specific tax form used by certain entities to report information regarding their S Corporation status to the IRS.
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Any entity that has elected S Corporation status and meets the requirements set by the IRS must file AM Sub S B.
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