Future developments. For the latest information about developments related to Form 1098-T and its instructions such as legislation enacted after they were published go to Copy C For Filer Paperwork Reduction Act Notice see To complete Form 1098-T use Returns and the 2018 Instructions for Forms 1098-E and 1098-T. It has changed its method of reporting if the method payments received used for 2018 is different than the reporting method amounts billed for 2017. You should be aware of this...
1098 t form 2018

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Who needs to file the 1098-T form?

This form must be filed by the eligible educational institutions for each enrolled student for whom a reportable transaction is made. Taxpayers who paid tuition and qualified related expenses should receive a copy of the Form 1098-T (Copy B) from the educational institution. Information from the Form 1098-T is reported on the student’s tax return, or the tax return of the person who paid the tuition and other qualified related expenses.

What is the purpose of the 1098-T form?

The educational institution uses this form to report tuition payments and other qualified related expenses for enrolled students to the IRS. This form allows the student or the person who paid the tuition and other qualified related expenses, to claim a deduction for those payments.

Is the Form 1098 T accompanied by other forms?

This form is attached to the IRS form 1096. If students have received a student loan, the Form 1098-T should be accompanied by the Form 1098-E, which is used to report student loan interest paid. In some cases, students may also qualify for educations credits, such as the American Opportunity Credit or the Lifetime Learning Credit. If this is the case, the Form 8863 is also completed and attached to the tax return (Form 1040).

When is the Form 1098-T due?

The Form 1098 T must be filed by the institution for each new student within 30 days after the first day of the academic period. The taxpayer has to file this form with the IRS by the 31st of January, 2017 or 31st of March in case of e-filing.

What information should be provided in the Form 1098-T?

The filler has to indicate his/her name, address, federal identification number, the paid sum of money, name and address of the student, and check appropriate boxes to provide more details.

What do I do with the form after its completion?

The completed form is forwarded to the student (payer) and filed with the local IRS office as well.

Video instructions and help with filling out and completing 1098 t form 2018

Laws calm legal forms guide form 1098-t is United States internal revenue service tax form used for providing information about a student's tuition payments during a taxable year the form is used to determine if taxpaying students or their parents qualify for the american opportunity credit the form 1098-t can be obtained through the IRS's website or by obtaining the documents through a local tax office the tax form is to be filed by the school or college the student is enrolled in during the taxable year first you must apply the tax filers contact information including their name address city state and telephone number in the first box below the contact information provide the filers federal identification number and the student social security number next put the students contact information including the student's name street address city state and zip code if you have a service provider account number provide that number in the bottom left box on the form 1098 dashti next the school must supply the tuition amount information in boxes one and two to the right of the filers contact information first provide the dollar amount of payments received for qualified tuition during the tax year below that box put the amount billed during the tax year for qualified tuition in box three indicate if your institution has changed the reporting methods for the current tax year if any adjustments apply to the students tuition state them in box for if the student received any scholarships or grants right that amount in box five if any provided scholarships or grants have been adjusted during the tax year right in the amount in box six if the total tuition amount stated in above boxes include tuition for the following semester in the next tax year indicate so in box seven indicate if the student is a graduate student in box eight and finally if any insurance contract reimbursement occurred during the tax year once completed submit the form 1098 dash t to the IRS and send a copy to the student while also keeping a copy for the school's records to watch more videos please make sure to visit laws calm

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Please select a version for Fillable IRS 1098-T form
  • 2019 IRS 1098-T Fillable
  • 2018 IRS 1098-T Fillable
  • 2017 IRS 1098-T Fillable
  • 2016 IRS 1098-T Fillable
  • 2015 IRS 1098-T Fillable
  • More...