Instructions For Forms 1098-E And 1098-T - 2015 Page 2
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4all Forms 1098-E that you file. See part L in the 2015
Certified by the borrower as a student loan incurred
General Instructions for Certain Information Returns.
solely to pay qualified higher education expenses. You
may use Form W-9S to obtain the certification.
Box 1. Student Loan Interest Received by
Revolving accounts. Report interest paid on revolving
Lender
accounts, such as credit card accounts, only if the
Enter the interest you received on a student loan(s) during
borrower certifies that all the loan proceeds are solely
the calendar year. For loans made on or after September
used to pay qualified higher education expenses. You do
1, 2004, you are required to include in box 1 payments of
not have to verify the borrower's actual use of the funds.
interest as described in Regulations section 1.221-1(f).
Do not report interest on mixed use loans.
Under that regulation, interest includes capitalized interest
Loans under qualified plans. Do not report interest on
and loan origination fees that represent charges for the
loans made under a qualified employer plan, as defined in
use or forbearance of money. See Regulations section
section 72(p)(4), or under a contract purchased under a
1.221-1(f).
qualified employer plan within the meaning of section
Box 2. Checkbox
72(p)(5).
Check this box if loan origination fees and/or capitalized
Additional information. For more information about
interest are not reported in box 1 for loans made before
reporting student loan interest, see Regulations section
September 1, 2004.
1.6050S-3.
Statements to borrowers. If you are required to file
Specific Instructions for Form 1098-T
Form 1098-E, you must provide a statement or acceptable
substitute, on paper or electronically, to the borrower. For
File Form 1098-T, Tuition Statement, if you are an eligible
more information about the requirements to furnish a
educational institution. You must file for each student you
statement to the borrower, see part M in the 2015 General
enroll and for whom a reportable transaction is made.
Instructions for Certain Information Returns.
Also, if you are an insurer, file Form 1098-T for each
individual to whom you made reimbursements or refunds
Electronic delivery of Form 1098-E. Educational
of qualified tuition and related expenses.
institutions, insurers, and lenders may present the option
to consent to receive Form 1098-E electronically as part of
Exceptions. You do not have to file Form 1098-T or
a global “Consent To Do Business Electronically,”
furnish a statement for:
combining consent for electronic delivery of Form 1098-E
Courses for which no academic credit is offered, even if
along with other institutional student business functions
the student is otherwise enrolled in a degree program;
such as admissions, registration, billings, and direct
Nonresident alien students, unless requested by the
deposits.
student;
The global consent process must meet all the consent,
Students whose qualified tuition and related expenses
disclosure, format, notice, and access period
are entirely waived or paid entirely with scholarships; and
requirements for electronic furnishing of Forms 1098-E in
Students for whom you do not maintain a separate
accordance with the applicable regulations. For more
financial account and whose qualified tuition and related
information about the requirements to furnish a statement
expenses are covered by a formal billing arrangement
to each student, see part M in the 2015 General
between an institution and the student's employer or a
Instructions for Certain Information Returns.
governmental entity, such as the Department of Veterans
Affairs or the Department of Defense.
Truncating borrower’s identification number on pay-
ee statements. Pursuant to Treasury Regulations
Who must file. You must file Form 1098-T if you are an
section 301.6109-4, all filers of Form 1098-E may truncate
eligible educational institution. An eligible educational
a borrower's identification number (social security number
institution that is a governmental unit, or an agency or
(SSN), individual taxpayer identification number (ITIN),
instrumentality of a governmental unit, is subject to the
adoption taxpayer identification number (ATIN), or
reporting requirements of Form 1098-T. A designated
employer identification number (EIN)) on payee
officer or employee of the governmental entity must satisfy
statements. Truncation is not allowed on any documents
the reporting requirements of Form 1098-T.
the filer files with the IRS. A recipient/lender's
Eligible educational institutions may choose to report
identification number may not be truncated on any form.
payments received, or amounts billed, for qualified tuition
See part J in the 2015 General Instructions for Certain
and related expenses. The eligible educational institution
Information Returns.
must use the same reporting method for all calendar years
Recipient's/lender's name, address, and telephone
unless the IRS grants permission to change the reporting
number box. Enter the name, address, and telephone
method. For information on how to obtain automatic
number of the filer of Form 1098-E. Use this same name
consent to change your reporting method, see the
and address on Form 1096, Annual Summary and
instructions for box 3, later.
Transmittal of U.S. Information Returns.
If another person receives or collects payments of
Account number. The account number is required if
qualified tuition and related expenses on your behalf, the
you have multiple accounts for a recipient for whom you
other person must file Form 1098-T. However, if the other
person does not possess the information necessary to
are filing more than one Form 1098-E. Additionally, the
comply with the reporting requirements of Form 1098-T,
IRS encourages you to designate an account number for
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Instructions for Forms 1098-E and 1098-T (2015)
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