From: Gale Meyers (Gale.Meyers@millersville.edu)
Date: Wed Nov 13 2002 - 12:24:49 EST
Millersville U of PA has been reporting dollars for the last 3 years. We
report the charges for the terms that occur in the calendar year. I did find
that in the regs, but can't cite where. If the parents paid for spring 2003
in November 2002, it is up to them to decide or work with Tax accountant to
include it in 2002 instead of 2003.
Gale R Meyers
Bursar, Millersville University of PA
gale.meyers@millersville.edu
717-872-3025
-----Original Message-----
From: Eileen Walker [mailto:emwalker@owu.edu]
Sent: Wednesday, November 13, 2002 11:25 AM
To: bursar-l@virginia.edu
Subject: 1098-T Timing
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
This archive was generated by hypermail 2.1.4 : Wed Nov 13 2002 - 16:06:37 EST