1098-T reporting

From: Bailey, Karen (ksbailey@ku.edu)
Date: Mon Sep 09 2002 - 19:14:26 EDT

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    Once again we are reviewing the reporting regs for 1098-T's and we come to
    the group of knowledge seeking guidance. In the regs it states that
    scholarships and grants administered and processed by the school are to be
    reported. In your professional opinions, does this include outside
    scholarships, for example checks from the Knights of Columbus or the
    Fraternal Order of Police? These checks are recorded in our financial aid
    system and are posted to the students account so we do process them. But
    are they considered administered? We have several differing opinions so
    your help would be appreciated.

    Thanks for your input,
    Karen Bailey
    Bursar
    University of Kansas
    785-864-5929

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