1098-T FAQs (Frequently Asked Questions)

What is the 1098-T Form?
The Form 1098-T 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 education institutions are required to submit the student’s name, address, and taxpayer’s identification number (TIN), enrollment, and academic status. Beginning with 2003, educational institutions must also report amounts to the IRS pertaining to qualified tuition and related expenses, as well as scholarships and/or grants. A Form 1098-T must be provided to each applicable student. This form is informational only. It serves to alert students that they may be eligible for a federal income tax education credit. It should not be considered as tax opinion or advice. While it is a good starting point, the Form 1098-T, as designed and regulated by the IRS, may not contain all of the information needed to claim a tax credit. There is no IRS requirement that you must claim the tuition and fees deduction or an education credit. Claiming education tax benefits is a voluntary decision for those who may qualify. BACK TO TOP

Why did I receive a 1098-T tax form and what am I supposed to do with it?
By January 31st of each year, Manchester University provides an IRS Form 1098-T to all students who had qualified tuition and other related educational fees billed to them during the previous calendar year. This form is informational only and should not be considered as tax opinion or advice. It serves to alert students that they may be eligible for a federal income tax education credit. Receipt of Form 1098-T does not indicate eligibility for a tax credit. To determine the amount of qualified tuition and fees paid, and the amount of scholarships and grants received, a taxpayer should consult their own financial records. NOTE: It is up to each taxpayer to determine eligibility for the credits and how to calculate them. Keep the Form 1098-T for your records. There is no requirement to attach the Form 1098-T to your tax return. BACK TO TOP

Did Manchester University send a copy of this form to the IRS?
Yes. Section 6050S of the Internal Revenue Code, as enacted by the Taxpayer Relief Act of 1997, requires institutions to file informational returns to assist taxpayers and the Internal Revenue Service in determining eligibility for the American Opportunity and Lifetime Learning education tax credits. The Form 1098-T is available at the end of January of each year for the previous tax year. BACK TO TOP

What educational expenses are considered as qualified tuition and related expenses?

Included

  • Undergraduate Tuition
  • Graduate Tuition
  • Pharmacy Tuition
  • Activity Fees
  • Technology Fees
  • Tuition and Fees portion of BCA, Study Abroad and Chicago Center Charges
  • Private Music / Recital Fees
  • PE Fees
  • Student Teaching Fees
  • Tutorial / Special Problem Fees

Not Included

  • Residence Hall Charges
  • Residence Hall Programming Fees
  • Meal Plan Charges
  • Auto Registration Fees
  • Health Insurance
  • Application Fees
  • Transcript Fees
  • Diploma Fees
  • Enrollment Deposits

 

For more information about qualified educational expenses, please go to:
http://www.irs.gov/publications/p17/ch34.html BACK TO TOP

Why isn't there an amount in box 1?
The IRS instructs institutions to report either payments received (Box 1) or amounts billed for qualified tuition and related expenses (Box 2) on the Form 1098-T. Once an institution has selected one of these options, they cannot change reporting methods between calendar years without IRS permission. Manchester University reports qualified tuition and related expenses that were billed during the tax year (Box 2) and scholarships and grants (Box 5), therefore, Box 1 – Payments Received for Qualified Tuition and Related Expenses, will be blank. BACK TO TOP

I am College of Pharmacy student, should the Grad box be checked?
No. You are considered a professional student, not a graduate student. BACK TO TOP

What other information do I need to claim the tax credit?
While it is a good starting point, the Form 1098-T, as designed and regulated by the IRS, may not contain all of the information needed to claim a tax credit.  Additional documentation may include your Statement of Account for both spring and fall 2013 and receipts from the purchase of books and supplies. Weekly Statements are available on Gateway/SharePoint. A Statement of Account for the previous calendar year (1/1 to 12/31) is also available. This reflects all activity on the student account for the calendar year. 
For North Manchester students: On Gateway, go to WebAdvisor; SFS; My Statement;
For College of Pharmacy students: On SharePoint, go to My Information; Student Financial Services;
All students: Select the current year; SFS; Student Account Statements; Tax Information. The document is titled: 2014-01-24.  Each taxpayer and his or her tax advisor must make the final determination of qualifying expenses. BACK TO TOP

What is the American Opportunity Credit and the Lifetime Learning Credit and what are allowable tuition and fee tax deductions for each?
For an overview of the America Opportunity Credit, Lifetime Learning Credit, and allowable tuition and fees tax deductions visit http://www.irs.gov/publications/p17/ch34.html.
Chapter 34 of IRS Publication 17 provides a very clear explanation of the eligibility requirements and filing instructions for the American Opportunity Credit and the Lifetime Learning Credit. Not all students who pay qualified expenses are eligible for a tax credit. For example, both credits have an income cap. The information provided may help you determine if you may be eligible for a tax credit. Each student can only claim one of these tax credits per year. You are also prohibited from claiming the tuition and fees deduction and an education tax credit for the same student for the same year. Publication 17 includes a number of useful real-life examples. Students may also find helpful IRS Publication 970; it explains tax benefits for education. http://www.irs.gov/publications/p970/index.html. BACK TO TOP

I paid my qualified tuition and related expenses with student loans. Can I still claim an education credit or the Tuition and Fees Deduction?
Yes. Loan funds should be considered in the same manner as cash payments when calculating an American Opportunity or the Lifetime Learning Tax Credit or the Tuition and Fees Deduction. However, any scholarships, grants, or other non-taxable aid (Box 5) must first be deducted from the amount of qualified tuition and related expenses (Box 2). The credit is claimed in the year in which the expenses are paid, not in the year in which the loan is repaid. BACK TO TOP  

If I pay qualified tuition and fees with a scholarship, can I claim an education credit or Tuition and Fees Deduction?
No. You cannot claim a credit for the amount of qualified tuition and fees paid for by tax-free scholarships. For more information, please visit http://www.irs.gov/publications/p970/index.html. BACK TO TOP  

My Social Security Number is incorrect. What should I do?
The most important information on the form is your Social Security Number. Please call 260-982-5066 if the SSN on your Form 1098-T is incorrect. BACK TO TOP

My address listed on the Form 1098-T has changed. Will this affect me?
No. The address shown on Form 1098-T is irrelevant for IRS income tax filing purposes. Manchester University will only mail to the address on file. We will not email or fax a Form 1098-T. If you would like to change your address, please contact the Registrar’s office (260-982-5234) for more information. BACK TO TOP

How can I access my Form 1098-T?
For North Manchester students: Login to Gateway at gateway.manchester.edu. Go to WebAdvisor; SFS; 1098-T Electronic Consent; after consenting, click SFS again (or Financial Information, whichever you see); View My 1098-T forms.
For College of Pharmacy students: Login to SharePoint. Go to My Information; 1098-T Electronic Consent; after consenting, click SFS again (or Financial Information, whichever you see); View My 1098-T forms.
You can view, download, print or email your Form 1098-T. If, for some reason, you are unable to access your Form 1098-T online, you may withhold your consent online following the steps below or contact SFS to have your form mailed to the address on file.  We will not email or fax a Form 1098-T.  Please email your request to SFS@manchester.edu or call 260-982-5066. Please allow 10 business days to process your request. BACK TO TOP

I can get in my Gateway/SharePoint, but I can’t pull up my Form 1098-T.
The Form 1098-T is displayed as an Adobe Acrobat PDF. For best results, use Internet Explorer and Acrobat Reader 4.0 or higher to view the Form 1098-T online. Pop-up blockers may prohibit you from seeing your Form 1098-T. Hold the Control key and click the ‘Display 1098-T’ link. You may need to go to the Menu bar, select Tools, and turn off your pop-up blocker. If the form does not open from your personal computer, it is accessible through any on-campus computer. If you are unable to access your Form 1098-T online, you may withhold your consent online following the steps below or contact SFS to have your form mailed to the address on file.  We will not email or fax a Form 1098-T. Please email your request to SFS@manchester.edu or call 260-982-5066. Please allow 10 business days to process your request. BACK TO TOP

How can I withdraw my consent?
For North Manchester students: Login to Gateway at gateway.manchester.edu. Go to WebAdvisor; SFS; 1098-T Electronic Consent. Click the Withhold Consent button and Submit.
For College of Pharmacy students: Login to SharePoint. Go to My Information; 1098-T Electronic Consent; Click the Withhold Consent button and Submit.
Please allow 10 business days to process your request for a paper copy of the Form 1098-T. BACK TO TOP

How can I get an itemized listing of my financial activity that appears on my Form 1098-T?
A Statement of Account for the previous calendar year (1/1 to 12/31) is posted to the student Gateway/SharePoint. This reflects all activity on the student account for the calendar year. 
For North Manchester students: On Gateway, go to WebAdvisor; SFS; My Statement;
For College of Pharmacy students: On SharePoint, go to My Information; Student Financial Services;
All students: Select the current year; SFS; Student Account Statements; Tax Information. The document is titled: 2013-01-24. BACK TO TOP

What if I still have questions?
If you have additional questions/concerns:


Note:  Please be advised that Manchester University is prohibited from providing legal, tax, or accounting advice to students and we are not responsible for any use you make of this information. BACK TO TOP

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