From: Gross, Anne (AGross@nacubo.org)
Date: Thu Nov 16 2000 - 09:36:05 EST
Debbie: I agree with your interpretation. There was never any intention
that institutions track who made payments or where they came from. The
institution reports that aggregate payments made for qualified
expenses--which is hard enough! Anne
Anne C. Gross
Director, Policy Research and Analysis
NACUBO
202-861-2544 agross@nacubo.org
http://www.nacubo.org
-----Original Message-----
From: Debbie Caraway [mailto:dcaraway@antioch-college.edu]
Sent: Thursday, November 16, 2000 8:48 AM
To: bursar-l@virginia.edu
Subject: 1098-T Changes
I have a question about one of the proposed 1098-T changes We will be
required to report on 1098-T the "aggregate amount of payments of qualified
tuition and related expenses received from ANY SOURCE on behalf of the
individual during the calendar year."
I interpret this to literally mean from 'any source'. Such as, employer
payments, tuition remission payments from other schools, scholarships from
external sources, etc. We have had some discussion on this topic and not
everyone agrees on the interpretation.
I recall reading somewhere, where it was determined any payment received on
behalf of the student as having come from the student; and, schools were
not going to have to be responsible for determining who made the payment.
What is your interpretation?
Deb Caraway
Antioch College
Yellow Springs OH
This archive was generated by hypermail 2.1.4 : Fri May 17 2002 - 14:30:04 EDT