General 1098-T Questions
When will I receive my 1098-T
In accordance with IRS regulations for the 2016 tax year will be available no later than January 31. Your 1098-T will be mailed no later than January 31, 2017 only if you elect not to receive your form electronically, or if the current tax year was your first year of attendance at Columbus State University. You may elect to receive your 1098-T electronically, if you received a 1098-T from Columbus State University last year. This will allow you access to your 1098-T as soon as it is available. To sign up for electronic delivery, please log on to the TCRS website at www.1098-t.com and click the "Access My Record" link. You must provide a valid email address for notification that your form is available.
WHAT IS A 1098-T?
The 1098-T is a tax form that Columbus State University provides to the student to file federal income taxes. It is used for the purpose of determining a student's eligibility for education tax credits.
HOW CAN I GET A COPY OF MY 1098-T?
It's easy! Just use the Tax Credit Reporting Service (TCRS) student site at www.1098-T.com
- Click "Access My Record."
- Log in to the system according to the instructions, setting a PIN number if necessary. The University does not supply a PIN number to TCRS on your behalf. If you have difficulty with your PIN number, contact TCRS toll-free at (877) 467-3821.
- Select the tax year of interest from the drop-down menu box. You may search for your 1098-T form for the current tax year (the default selection), as well as for the previous two tax years.
CAN I GET A COPY OF LAST YEAR'S 1098-T?
Yes, provided that a form was issued to you. Follow the instructions for getting a copy of your 1098-T above, making sure to select the tax year of interest from the drop-down menu box. The current tax year appears in the window by default.
WHY DID I NOT RECEIVE A 1098-T FROM CSU?
There are several possibilities:
- You are not eligible for a 1098-T
- if box 5
scholarships or grantsis greater than box 2
amounts billed for qualified tuition and related expenses. This means that your financial aid was greater than what you were charged for expenses on your student account.
- if box 5
- Your 1098-T was mailed to the wrong address
- You are looking for your 1098-T at the wrong address
- IRS regulations require mailing your 1098-T to your mailing address.
- You did not have a valid Social Security Number (SSN) on file.
- IRS regulations specify that the University is not required to issue a 1098-T if a students does not have a SSN. Students with a J-1 or F-1 visa do not have SSNs.
WHY IS BOX 1 OF MY 1098-T BLANK?
Box 1 (Payments received for qualified tuition and related expenses) is blank because CSU reports box 2 (Amounts billed) instead. The IRS provides the option for universities to report either (Payments received) in Box 1 OR (Amounts billed) in Box 2, but not both (refer to Page 14 of IRS Publication 970 for details). CSU has elected to report box 2 (Amounts billed).
WHAT DOES THE AMOUNT IN BOX 2 MEAN?
Box 2 (Amounts billed for qualified tuition and related expenses) reflects the
qualified tuition and expenses billed to your account during the tax year.
Qualified tuition and expenses, as defined by the IRS, includes tuition and related fees that are required for enrollment or attendance by the University. Box 2 will not include expenses billed for room and board.
WHAT DOES THE AMOUNT IN BOX 4 MEAN?
Box 4 (Adjustments made for a prior year) reflects any refunds of tuition and fees billed in a previous tax year that you may have received in the current tax year. The amount in Box 4 may reduce any allowable education credit you claimed for a prior year.
WHAT DOES THE AMOUNT IN BOX 5 MEAN?
Box 5 (Scholarships or grants) reflects any scholarships or grants applied to your account during the calendar year.