Tax Reporting 1098-T

1098-T_2018

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Austin Community College issues an IRS Form 1098-T to all students who were billed qualified tuition and fees during the previous calendar year and have a valid Taxpayer Identification Number (TIN) issued by the U.S. Government (SSN or ITIN).

The Form 1098-T can be used to determine your eligibility for income tax credit. It is also recommended to review your statements after logging into the “My Account – Current Activity” page.

Note: Beginning in tax year 2018, ACC reports payments received for qualified tuition and related expenses, and no longer reports amounts billed for qualified tuition and fees. The amount reported on the 1098-T may not be the amount you would report on your tax return.

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ACC mails the Form 1098-T to your address on file with the college by January 31.  Students can also access their 1098-T by logging into Self-Service. To view the form online after January 31, access the tax information page and consent to view/print your 1098-T in electronic format. You do not have to be a current student to access the 1098-T form online. You may revoke your consent at any time.

Missing your Form 1098-T?

If you don’t receive a Form 1098-T, confirm that:

  • Your address on file with ACC is correct.
  • You were billed qualified tuition and fees during that calendar year.
  • You have a valid Taxpayer Identification Number (TIN) issued by the U.S. Government (SSN or ITIN).
  • For tax-related information, check with a tax professional or refer to the IRS 1098 information.
  • For questions about receiving your 1098-T, please email 1098t@austincc.edu or call 512-223-1122.

Questions & Answers

It is the responsibility of each taxpayer to determine eligibility for educational tax benefits and how to calculate them. ACC cannot advise you on how to claim the tax benefits. Please contact a tax professional regarding your 1098-T questions. View IRS information on the 1098-T page and tax benefits for education page.

IRS Form 1098-T

The IRS form 1098-T (Tuition Statement) is issued to all students who attended an eligible education institution and were billed for qualified tuition and fees during the calendar year for college credit courses. The information on Form 1098-T is used to determine if you are eligible to claim an education credit on your Federal Income Tax Return.

ACC does not report the billed amount (Box 2) only the (eligible) payments received (Box 1). The amounts reported in boxes 1 through 7 reflect transactions that occurred during the tax year.

Important: The 1098-T indicates the amount of payments received for qualified tuition and related expenses. To verify your payments, see "If you need a Statement of Account" below.

  • Students with Alternate Social Security numbers
    • Due to IRS regulations, you must furnish the school a Tax Identification Number (TIN) for 1098-T purposes. The most common Tax Identification Number is the social security number or the individual tax identification number (ITIN). You can update your TIN by visiting a campus Admissions & Records office.
  • If you need a Statement of Account
    • A statement of account lists all charges, credits, refunds, and payments made in a particular period. To review your statements, log in to your account, then click My Account, then click Current Activity.
  • 1098-Ts from prior years
    • Eligible students who consented to electronic delivery can review prior year 1098-Ts from 2008 forward online. If you need a 1098-T for a year prior to 2008, please send an e-mail to 1098T@austincc.edu or call 512-223-1122 to request a copy.
  • Update your address or Taxpayer Identification Number
    • Visit the Update Your Information page to change your address or your Taxpayer Identification Number (such as SSN or ITIN).

IRS Form 1098-T Questions & Answers

View IRS information on the 1098-T page and tax benefits for education page.

  • I did not receive a 1098-T
    • If you don’t receive a Form 1098-T, confirm that:

      • Your address on file with ACC is correct. Need to Update?
      • You enrolled in classes that are qualified expenses. For example, Continuing Education classes are not qualified expenses.
      • You have provided ACC with a valid Taxpayer Identification Number (TIN) issued by the U.S. Government (SSN or ITIN). Need to Update?

      Requests can be made by sending an email to 1098T@austincc.edu or by calling 512-223-1122.

  • I enrolled in Continuing Education classes, am I eligible for a tax credit?
    • Continuing Education classes are non-credit, and the IRS does not require sending Form 1098-T to students for non-credit classes. However, continuing education students may be eligible for the Lifetime Learning Credit. In some cases, a taxpayer may claim this credit without a Form 1098-T. Please refer to IRS Publication 970 about the possibility of using the Lifetime Learning Credit for these types of classes.
  • When will I receive my 1098-T?
    • Electronic copies will be available to eligible students by January 31st. For eligible students who did not consent to electronic delivery of Form 1098-T, a hard copy will be post-marked and mailed by January 31st.
  • I took classes in the spring but did not receive a 1098-T
    • If you registered for spring 2018 courses in 2017, the qualified tuition and related expenses would appear on 2017 Form 1098-T (Box 2), and Box 7 would be marked. Read about Box 7 below.

      For 2019 onward, if you register for spring courses in the previous calendar year, payments received for qualified tuition and related expenses would appear on the previous calendar year's Form 1098-T (Box 1), and Box 7 would be marked. Read about Box 7 below.

  • I am an international student and did not receive Form 1098-T
    • If you are a non-resident alien student and do not have U.S. source income (U.S. scholarships, awards, waivers etc.) that is subject to tax, ACC is exempt from issuing a Form 1098-T to you, unless requested. Requests can be made by sending an email to 1098T@austincc.edu or by calling 512-223-1122.
  • What is ACC's Employer Identification Number (EIN)?
    • ACC’s Employer Identification Number (EIN), also known as the Filer’s Federal Identification Number, is 74-1742036. For eligible students claiming education credits such as the American Opportunity and Lifetime Learning Credits, this number may be needed on IRS Form 8863.
  • The amount in Box 1 is higher/lower than what I expected
    • It is the responsibility of each taxpayer to determine eligibility for educational tax benefits and how to calculate them. ACC cannot advise you on how to claim the tax benefits.

      Not all payments made to ACC during the calendar year may qualify as paying for qualified tuition and related expenses. Examples of ineligible expenses include:
      • Continuing Education classes
      • Insurance fees
      • Fees for late payment
      • Fees for items returned (ACH, chargeback, stop payment)

      To review your statements, log in to your account, then click My Account, then click Current Activity.

  • Box 3 is checked
    • This box indicates whether the institution has changed its reporting method.

      For the 2018 tax year, the reporting method has changed. ACC reports payments received for qualified tuition and related expenses, and no longer reports amounts billed for qualified tuition and fees

  • Box 4 is blank
    • This box shows any adjustment made for a prior year for qualified tuition and related expenses that were reported on a prior year form 1098-T.

      There will be no amounts reported in Box 4 for tax year 2018 due to a change in reporting method.

  • Box 5 is for scholarships and grants
    • If there is an amount in box 5, it reflects the total amount of scholarships, grants and/or sponsor payments on the student account during the calendar year. Loans are not reported in Box 5 of the 1098-T.
  • Box 6 is for adjustments to scholarships or grants for a prior year
    • This box reflects any adjustment to the amount of scholarships or grants that were reported in a prior year.
  • Box 7 has an 'X' in it
    • This box indicates whether the amount billed (reported in box 2) for qualified tuition and related expenses relate to an academic period that begins in January through March of the next calendar year.
  • Box 8 has an 'X' in it
    • This box indicates the student was at least a half-time student during any academic period that began in the calendar year; meaning the student was registered for 6 hours or more during a semester. If it is blank, the student was registered for fewer than 6 hours each semester.
  • Boxes 9 and 10 are blank
    • Boxes 9 and 10 are always blank on 1098-Ts issued by ACC.