shyanne-2
Level 3
‎12-06-2019 11:44 PM

I believe the college is University of Southern Indiana. The student received more in Scholarships and grants than the cost of the tuition. She probably has some taxable income there, but the college refuses to issue a 1098T saying they are not obligated to do so. Any thoughts?

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Just-Lisa-Now-
Level 15
Level 15
‎12-06-2019 11:44 PM

I believe if they are an eligible educational institution then they are required by IRS to issue them...maybe they're not an eligible school.

Heres the list:

https://www.irs.gov/credits-deductions/individuals/earned-income-tax-credit/eligible-educational-ins...


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

View solution in original post

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IRonMaN
Level 15
‎12-06-2019 11:44 PM
Indiana ------------------ sounds like a "squirrelly" question :smile::smile:

Slava Ukraini!
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shyanne-2
Level 3
‎12-06-2019 11:44 PM
I think they're just nuts.
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Just-Lisa-Now-
Level 15
Level 15
‎12-06-2019 11:44 PM
:smile::smile:

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
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TAXOH
Level 11
‎12-06-2019 11:45 PM
:joy::joy:
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TaxGuyBill
Level 15
‎12-06-2019 11:45 PM
They are not REQUIRED to issue them if scholarships are greater than tuition.  But if anybody in the accounting department has a brain, they SHOULD issue them anyways.
https://www.irs.gov/instructions/i1098et#idm139685283842800
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The-Tax-Lady
Level 9
‎12-06-2019 11:45 PM
You're talking about higher education brains. They got an extra year to figure out box 1 from 2 money. 🙂
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sjrcpa
Level 15
‎12-06-2019 11:45 PM
"if anybody in the accounting department has a brain" That's a bold assumption.

The more I know the more I don’t know.
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shyanne-2
Level 3
‎12-06-2019 11:45 PM
TaxGuyBill. So they weren't required and they didn't. Then does the student get a pass on the overage that would otherwise be taxable if not used for books, fees etc? Or do I need to reconstruct from billing records?
Thanks for your time!
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rbynaker
Level 14
‎12-06-2019 11:45 PM
Whether or not a particular college files a form does not impact the rules for taxable scholarships.

https://www.irs.gov/help/ita/do-i-include-my-scholarship-fellowship-or-education-grant-as-income-on-...
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shyanne-2
Level 3
‎12-06-2019 11:45 PM
Got it. Thank you
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rbynaker
Level 14
‎12-06-2019 11:45 PM

Usually the student can log in somewhere and print out a financial history.  That should show you the ins and outs.

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shyanne-2
Level 3
‎12-06-2019 11:45 PM
That's what my client has requested from the college. Thanks!
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rbynaker
Level 14
‎12-06-2019 11:45 PM
I get this for all clients anyway.  1098-T forms are notoriously incorrect.
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