RE: 2002 1098T Rule for BOX1 - TSATAXR

From: Gale Meyers (Gale.Meyers@millersville.edu)
Date: Wed Dec 11 2002 - 12:41:31 EST

  • Next message: Lori Wilson: "RE: 2002 1098T Rule for BOX1 - TSATAXR"

    You may only use box 1 or box 2. Never both for either Banner or the IRS.

    Simplifies it somewhat!

    Gale R Meyers
    Bursar, Millersville University of PA
    gale.meyers@millersville.edu
    717-872-3025 fax 717-871-2256
    http://muweb.millersville.edu/~bursar/

    -----Original Message-----
    From: Yohannes Alemu [mailto:yalemu@pcc.edu]
    Sent: Wednesday, December 11, 2002 8:50 AM
    To: bursar-l@virginia.edu
    Subject: 2002 1098T Rule for BOX1 - TSATAXR

    We have decided to report figures for BOXES 1, 2, and 4.
    Setting up the rules for BOXES 2 & 4 in TSATAXR is fairly simple, but I
    need help with BOX 1.

    As billed items, all the figures for BOX 2 reside in the 'charge'
    column. They are easily extracted by selecting the 'total charges' radio
    button after specifying the category codes and excluding any non-applicable
    detail codes.

    As scholarships and grants, all the figures for BOX 4 reside in the
    'payment' column. They are easily extracted by selecting the 'not a
    charge' radio button after specifying the category codes and excluding any
    non-applicable detail codes.

    As paid tuition and fees, the 'total paid charges' radio button should
    apply to BOX 1 . Banner documentation explains this button as a 'deduction
    of outstanding balance from original amount due.' When testing this
    function on an account with a zero balance, it returns no data. According
    to the documentation this makes sense. However, it does not help in
    reporting the payments that led to the zero balance.

    Am I missing something? Has anyone out there got a grasp on this
    functionality? I would appreciate any insight!

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



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