1098-T Timing

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Hello All,

I imagine we are all in about the same boat, trying to figure out what
dollars we will report on the 1098-T's beginning January 1, 2003.

We have decided that we will report amounts charged for tuition and related
expenses, rather than amounts paid for those expenses. We are still
uncertain about how we will report amounts that crossover tax years. We
bill in November for charges due in early January for the semester that
begins in mid-January.

Has anyone found anything in the IRS regulations which would provide
guidance on whether the information on the 1098-T is supposed to be based
on the date billed or the period to which the charge relates?

Eileen

Eileen M. Walker
Associate Vice President & Controller
Ohio Wesleyan University
Delaware, Oh 43015

Phone: (740) 368-3363
Fax: (740) 368-3009

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