Re: bursar-l: 1098T

It's my understanding that if you have already sent your file to the IRS then yes you need to do a corrected 1098T. If not then simply make sure the right SSN is on the IRS file and you're golden. Now the student still may want a corrected form and you probably will want to re-print it with the new SSN but you don't check the box for corrected 1098T.

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Ken Wolterman
Bursar, University of Cincinnati
(513) 556-4348

-----Original Message-----
From: bursar-l-bounces_at_list.mail.virginia.edu [mailto:bursar-l-bounces_at_list.mail.virginia.edu] On Behalf Of Cheryl Murphy
Sent: Wednesday, March 11, 2009 9:10 AM
To: bursar-l_at_list.mail.virginia.edu
Subject: bursar-l: 1098T

Hello All,

I'm looking for some guidance on corrections for the 1098T forms. I have two students who gave us the wrong social security numbers. We sent the forms out with the the number they reported to us. Now they decided to give us the correct numbers and want corrected forms. Do we have to provide corrected 1098T forms to them. Some of us say yes, some say no.

If anyone one has any insights, it would be greatly appreciated.
Thank you.
Cheryl
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Received on Wed Mar 11 2009 - 11:31:29 EDT