Tuesday, January 22, 2013

1098-T Form Information


1098-T Form Information for 2012

IRS Form 1098-T for 2012 will be mailed by January 31. Students who do not receive it may request a duplicate from the Business Office after February 15.
Commonly Asked Questions regarding Form 1098-T
Will I receive a 1098-T if my tuition and fees were covered by financial aid?
If your tuition and fees were covered by TAP and PELL, you will not receive a 1098-T.  However, if loans were used to pay your tuition and fees, you will receive a 1098-T.
Will my 1098-T include payments I made in 2012 for semesters that began prior to 2012?
No. Only payments made in a calendar year for semesters that began in the calendar year are reported on the 1098-T.
What about payments I made in 2012 for Winter 2013 or Spring 2013?
If the Bursar received payments you made for Winter 2013 or Spring 2013 prior to December 31, 2012, these payments will be reported on your 1098-T for 2012.
If I received a 1098-T, am I qualified to receive one of the educational tax credits?
Receipt of a 1098-T does not automatically qualify you to receive an educational tax credit.  The determination of eligibility is the responsibility of the taxpayer or you may consult with a tax preparer.
What is the college's Federal ID number?
13-3893536

2 comments:

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    Replies
    1. very good information. It helps me to understand 1098 form.
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