Question: What is the 1098-T form, and why are there amounts on the form when there haven't been any in the past? |
Answer: The 1098-T form is used by eligible educational institutions to report information about their students to the IRS as required by the Taxpayer Relief Act of 1997. Eligible educational institutions are required to submit the student's name, address, taxpayer identification number (TIN), enrollment and academic status. Beginning in tax year 2003, educational institutions must also report amounts to the IRS pertaining to qualified tuition and related expenses, as well as scholarships and/or grants, taxable or not. A 1098-T form must also be provided to each applicable student. |
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Question: Box 8(at least half-time student) on the 1098-T form will be checked if... |
Answer: You are considered at least half-time if you were enrolled in at least 6 credits of an Undergraduate Program or at least 5 credits of a Graduate Program for any quarter in 2008. |
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Question: Box 9(graduate student) on the 1098-T form will be checked if... |
Answer: You were officially admitted and enrolled in a Graduate Program |
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Question: What is the criterion by which I was reported? |
Answer: Central Washington University 's criterion for reporting is based on enrollment. Any student enrolled at least in 1 credit, any time in 2008, in a qualified program will be reported. If your tuition and fees were paid in full by any government agency or program you won't be reported or receive a 1098-T form. |
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Question: I disagree with my status in Box 8(half-time or greater). Whom should I contact to correct this condition? |
Answer: The Student Financial Services Office at (509) 963-3546
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Question: I disagree with my status in Box 9 (graduate student). Whom should I contact to correct this condition?
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Answer: The Student Financial Services Office at (509) 963-3546 |
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Question: I did not receive a 1098-T form. Is there a reason why? |
Answer: If your record has an incorrect mailing address, or you are a non-resident alien or foreign student, or if you were not enrolled in 2008, or if your tuition and registration fees were paid in full by any government agency or program (ARMY, ROTC, Veterans Administration, WORKFORCE, ...etc), you may not receive a 1098-T form in the mail. If you have an incorrect address, you may be able to retrieve and print the form from the TCRS web site. If you do not find your 1098-T form in the TCRS Website, and think you had qualified expenses or received financial aid during 2008, call the CWU Student Financial Services Office at (509) 963-3546.
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Question: I lost my 1098-T form. How do I get another? |
Answer: After logging onto www.1098-T.com using Access My Record, the buttons View My 1098-T, and View My Financial Information provide the same information that exists on the mailed version of the 1098-T form. The View My Financial Information button provides the financial detail that is printed on the back of the mailed version. |
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Question: Whom do I contact if my Social Security Number is incorrect? |
Answer: You should contact the Student Financial Services Office at (509) 963-3546.
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Question: Whom do I contact if my name is incorrect? |
Answer:You should contact the Student Financial Services Office at (509) 963-3546.
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Question: Was my financial information reported to the IRS? |
Answer: YES. The current regulations require student financial information be reported to the IRS. It is also reported to you for your convenience; see the back of your 1098-T form. |
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Question: Can I claim payments made towards qualified tuition and expenses in 2008 for classes starting in early 2009? |
Answer: YES. The prepayment regulation explains if tuition is paid during one tax year for an academic period that begins during the first three months of the following tax year, taxpayers may claim the credit for the year in which the payment is made. |
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Question: Explanation of financial information provided to our students |
Answer: Your financial information includes most charges and Financial Aid entries posted to your University account during tax year 2008. Cash payments, Adjustments to previous years Loans, and previous year adjustments to other Non-Qualified financial aid are not reported. The information is divided in the following categories:
Tuition and Course fees. This includes cost per credit plus laboratories, minus, any Tuition Waiver you have received.
Other Mandatory fees. This includes mandatory fees charged by the CWU such as the health and counseling fee, athletic fee, technology fee, and safe ride program.
University Store Charges. This is self-explanatory, not qualified expenses.
Room and Board Charges. This is self-explanatory, not qualified expenses.
Gift Aid, Grants, or Third Party payments. This includes all the aid that you have received and will generally offset the amount of qualified tuition and fees eligible for the tax credit.
Student Loans. This includes all the loans you have received and will not offset the amount of qualified tuition and fees eligible for the tax credit because they are considered as cash payments. |
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Question: I disagree with the financial information provided with my 1098-T form. Whom do I contact to correct this situation? |
Answer:You should contact the Student Financial Services Office at (509) 963-3546.
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Question: I would like an itemized listing of my financial activity, but I only see summaries on www.1098-T.com . Whom do I contact to get an itemized listing of my financial activity? |
Answer: Itemized listings of your financial activity have been periodically provided to you on monthly Statements. You should contact the Student Financial Services Office at (509) 963-3546, if you have a special need for your financial activity detail. |
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Question: How do I claim an education tax credit or deduction? |
Answer: The form to use for claiming an education credit with your federal taxes is IRS Form 8863. You can also find information regarding the tax credits and deduction, by selecting the TRA '97 Information link on www.1098-T.com |
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Question: How do I know if I qualify for an education tax credit or deduction? |
Answer: Central Washington University or TCRS cannot provide individualized information about how to file taxes and the amount of credit or deduction to claim. General information about eligibility and requirements can be found on the www.1098-T.com web site, or by accessing the IRS web site at www.irs.gov . |
