RE: 1098T for 2002

From: Yohannes Alemu (yalemu@pcc.edu)
Date: Thu Nov 07 2002 - 18:52:22 EST

  • Next message: cathy foland: "Re: 1098-T reporting"

    According to our research, only boxes 8 and 9 are required. Reporting
    institutions have the option to report on any one or combination of boxes 1
    - 7.

    At 05:19 PM 11/7/2002 -0500, Cherie Armstrong wrote:
    >My question- if you elect to report the amount billed, are you required to
    >report information in all other boxes, except box 1, if applicable?
    >Cherie Armstrong
    >Bursar
    >Embry-Riddle Aero. University
    >-----Original Message-----
    >From: Kelly R. Carter [mailto:krcarter@oakland.edu]
    >Sent: Thursday, November 07, 2002 4:30 PM
    >To: bursar-l@virginia.edu
    >Subject: 1098T for 2002
    >
    >
    >I would like to report numbers on the 1098T form this year and I have the
    >following questions:
    >
    >1. Do we have to choose box 1 or box 2 or can we report both?
    >
    >2. If we choose to report Tui and Expenses billed in box 2, where do we
    >report:
    >payments we received from in house waivers, third party corp payments, MET
    >payments etc? These are payments that we normally do not call
    >"scholarships and grants"
    >
    >3. It seems to me that if we choose to report amts billed only, the
    >student could have a delinquent balance and still receive the tax credit.
    >Thank you.
    >
    >Kelly R. Carter
    >Manager of Student Business Services
    >Oakland University
    >120 North Foundation Hall
    >Rochester, MI 48309-4401
    >
    >248-370-2288
    >krcarter@oakland.edu
    >

    Yohannes Alemu
    Portland Community College
    Financial Services
    Business Offices, SY CC 210
    (503) 977-4508

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