Instructions For Forms 1098-E And 1098-T - 2014 (Page 3 of 4) in pdf

Also, if you are an insurer engaged in a trade or

available at

for

business of making refunds or reimbursements of

guidance in a question and answer format on the

qualified tuition and related expenses, you are required to

information reporting requirements for Form 1098-T.

file Form 1098-T. See the instructions for box 10, later.

Statements to students. If you are required to file Form

Eligible educational institution. An eligible educational

1098-T, you must furnish a statement or acceptable

institution is a college, university, vocational school, or

substitute, on paper or electronically, to the student.

other postsecondary educational institution that is

Electronic delivery of Form 1098-T. Educational

described in section 481 of the Higher Education Act of

institutions may present the option to consent to receive

1965 as in effect on August 5, 1997, and that is eligible to

Form 1098-T electronically as part of a global “Consent To

participate in the Department of Education's student aid

Do Business Electronically,” combining consent for

programs. This includes most accredited public, nonprofit,

electronic delivery of Form 1098-T along with other

and private postsecondary institutions.

institutional student business functions such as

admissions, registration, billings, and direct deposits.

Qualified tuition and related expenses. Qualified

The global consent process must meet all the consent,

tuition and related expenses are tuition, fees, and course

disclosure, format, notice, and access period

materials required for a student to be enrolled at or attend

requirements for electronic furnishing of Forms 1098-T as

an eligible educational institution.

required by paragraphs (a)(2) through (6) of Treasury

The following are not qualified tuition and related

Regulations 1.6050S-2. For more information about the

expenses.

requirements to furnish a statement to each student, see

Amounts paid for any course or other education

part M in the 2014 General Instructions for Certain

involving sports, games, or hobbies, unless the course or

Information Returns.

other education is part of the student's degree program or

Truncating student’s identification number on paper

is taken to acquire or improve job skills.

payee statements. Pursuant to proposed regulations

Charges and fees for room, board, insurance, medical

§301.6109-4 (REG-148873-09), all filers of Form 1098-T

expenses (including student health fees), transportation,

may truncate a student's identification number (social

and similar personal, living, or family expenses.

security number (SSN), individual taxpayer identification

Academic credit. Academic credit is credit awarded by

number (ITIN), or adoption taxpayer identification number

an eligible educational institution for the completion of

(ATIN)) on payee statements. See part M in the 2014

course work leading to a postsecondary degree,

General Instructions for Certain Information Returns.

certificate, or other recognized postsecondary educational

Student's address. In the student's address box of Form

credential.

1098-T, enter the student's permanent address. That is,

Example. Student A, a medical doctor, takes a course

enter the student's home or other long-term address

at University X's medical school. Student A takes the

where he or she can receive forwarded mail. You may use

course to fulfill State Y's licensing requirement that

a temporary address only if you do not know the

medical doctors attend continuing medical education

permanent address.

courses each year. Student A is not enrolled in a degree

program at University X and takes the medical course

Information contact and service provider. You must

through University X's continuing professional education

provide your name, address, and telephone number. In

program. University X does not award Student A credit

addition, you may include information on a third-party

toward a postsecondary degree on an academic

service provider who filed the form or who may answer

transcript for the completion of the course but gives

questions about the statement. Enter the service

Student A a certificate of attendance upon completion.

provider's information in the box below the student's name

University X is not required to file Form 1098-T for the

and address.

course taken by Student A.

You must provide the telephone number for the

Academic period. You must file Form 1098-T for each

information contact at the institution. Generally

student who is enrolled in your institution for any

this is an administrative office or department. Do

CAUTION

academic period (for example, semester, trimester, or

not provide the institution's general telephone number.

quarter) in 2014, but see Exceptions, earlier. Determine

Account number. The account number is required if

your enrollment for each period under your own rules or

you have multiple accounts for a recipient for whom you

use one of the following dates.

are filing more than one Form 1098-T. Additionally, the

30 days after the first day of the academic period.

IRS encourages you to designate an account number for

A date during the period when enrollment data must be

all Forms 1098-T that you file. See part L in the 2014

collected for purposes of the Integrated Postsecondary

General Instructions for Certain Information Returns.

Education Data System administered by the Department

of Education.

Box 1. Payments Received for Qualified Tuition

A date during the period when you must report

and Related Expenses

enrollment data to the state, to your governing board, or to

some other external governing body.

If you use this method of reporting, enter the total amount

of payments received for qualified tuition and related

Additional information. For more information about

expenses from all sources during the calendar year. The

reporting on Form 1098-T, see Regulations section

amount reported is the total amount of payments received

1.6050S-1. Also see Notice 2006-72, 2006-36 I.R.B. 363,

less any reimbursements or refunds made during the

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Instructions for Forms 1098-E and 1098-T (2014)

Instructions For Forms 1098-E And 1098-T - 2014 Page 3

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