From: Cindy Shelton (sheltonck@appstate.edu)
Date: Wed Nov 13 2002 - 12:46:59 EST
At Appalachian State University in North Carolina, we do the same. On our 2002
1098-Ts, we will report the data for the terms Spring 02, Summer 1 02, Summer 2
02, and Fall 02. We disregard when the charges actually posted to the account
or when the payments were made.
Cindy Shelton
Director of Student Accounts
828-262-6420
Gale Meyers wrote:
> 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
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