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The type and rule above prints on all proofs including departmental reproduction proofs. MUST be removed before printing.
Also, if you are an insurer engaged in a trade or
business of making refunds or reimbursements of
qualified tuition and related expenses, you are required to
file Form 1098-T. See the instructions for box 10, later.
Eligible educational institution. An eligible educational
institution is a college, university, vocational school, or
other postsecondary educational institution that is
described in section 481 of the Higher Education Act of
1965 as in effect on August 5, 1997, and that is eligible to
participate in the Department of Education's student aid
programs. This includes most accredited public, nonprofit,
and private postsecondary institutions.
Qualified tuition and related expenses. Qualified
tuition and related expenses are tuition, fees, and course
materials required for a student to be enrolled at or attend
an eligible educational institution.
The following are not qualified tuition and related
expenses.
Amounts paid for any course or other education
involving sports, games, or hobbies, unless the course or
other education is part of the student's degree program or
is taken to acquire or improve job skills.
Charges and fees for room, board, insurance, medical
expenses (including student health fees), transportation,
and similar personal, living, or family expenses.
Academic credit. Academic credit is credit awarded by
an eligible educational institution for the completion of
course work leading to a postsecondary degree,
certificate, or other recognized postsecondary educational
credential.
Example. Student A, a medical doctor, takes a course
at University X's medical school. Student A takes the
course to fulfill State Y's licensing requirement that
medical doctors attend continuing medical education
courses each year. Student A is not enrolled in a degree
program at University X and takes the medical course
through University X's continuing professional education
program. University X does not award Student A credit
toward a postsecondary degree on an academic
transcript for the completion of the course but gives
Student A a certificate of attendance upon completion.
University X is not required to file Form 1098-T for the
course taken by Student A.
Academic period. You must file Form 1098-T for each
student who is enrolled in your institution for any
academic period (for example, semester, trimester, or
quarter) in 2014, but see Exceptions, earlier. Determine
your enrollment for each period under your own rules or
use one of the following dates.
30 days after the first day of the academic period.
A date during the period when enrollment data must be
collected for purposes of the Integrated Postsecondary
Education Data System administered by the Department
of Education.
A date during the period when you must report
enrollment data to the state, to your governing board, or to
some other external governing body.
Additional information. For more information about
reporting on Form 1098-T, see Regulations section
1.6050S-1. Also see Notice 2006-72, 2006-36 I.R.B. 363,
available at
www.irs.gov/irb/2006-36_IRB/ar10.html for
guidance in a question and answer format on the
information reporting requirements for Form 1098-T.
Statements to students. If you are required to file Form
1098-T, you must furnish a statement or acceptable
substitute, on paper or electronically, to the student.
Electronic delivery of Form 1098-T. Educational
institutions may present the option to consent to receive
Form 1098-T electronically as part of a global “Consent To
Do Business Electronically,” combining consent for
electronic delivery of Form 1098-T along with other
institutional student business functions such as
admissions, registration, billings, and direct deposits.
The global consent process must meet all the consent,
disclosure, format, notice, and access period
requirements for electronic furnishing of Forms 1098-T as
required by paragraphs (a)(2) through (6) of Treasury
Regulations 1.6050S-2. For more information about the
requirements to furnish a statement to each student, see
part M in the 2014 General Instructions for Certain
Information Returns.
Truncating student’s identification number on paper
payee statements. Pursuant to proposed regulations
§301.6109-4 (REG-148873-09), all filers of Form 1098-T
may truncate a student's identification number (social
security number (SSN), individual taxpayer identification
number (ITIN), or adoption taxpayer identification number
(ATIN)) on payee statements. See part M in the 2014
General Instructions for Certain Information Returns.
Student's address. In the student's address box of Form
1098-T, enter the student's permanent address. That is,
enter the student's home or other long-term address
where he or she can receive forwarded mail. You may use
a temporary address only if you do not know the
permanent address.
Information contact and service provider. You must
provide your name, address, and telephone number. In
addition, you may include information on a third-party
service provider who filed the form or who may answer
questions about the statement. Enter the service
provider's information in the box below the student's name
and address.
You must provide the telephone number for the
information contact at the institution. Generally
this is an administrative office or department. Do
not provide the institution's general telephone number.
Account number. The account number is required if
you have multiple accounts for a recipient for whom you
are filing more than one Form 1098-T. Additionally, the
IRS encourages you to designate an account number for
all Forms 1098-T that you file. See part L in the 2014
General Instructions for Certain Information Returns.
Box 1. Payments Received for Qualified Tuition
and Related Expenses
If you use this method of reporting, enter the total amount
of payments received for qualified tuition and related
expenses from all sources during the calendar year. The
amount reported is the total amount of payments received
less any reimbursements or refunds made during the
Instructions for Forms 1098-E and 1098-T (2014)
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