RE: 1098T question

It is my understanding (which may or may not be correct) that it is based on
enrollment during the allowable period. So if the student’s charges, for
example, were reported as future charges on last year’s 1098T, you would
need to send the 1098T this year to show that they were enrolled at least ½
time. If, however, they do not have reportable charges because their
tuition/charges are fully billed to someone/thing else (like the Veterans
Admin) through a formal arrangement with the school, then you do not need to
send them a 1098T or if their charges are fully covered by scholarships you
do not need to send the 1098T.

Anita Holmgren

Director of Student Accounts

Aurora University

Phone: 630-844-5471

Fax: 630-844-5463

  _____

From: bursar-l-bounces@list.mail.Virginia.EDU
[mailto:bursar-l-bounces@list.mail.Virginia.EDU] On Behalf Of Deb Brondsema
Sent: Tuesday, December 20, 2005 8:45 AM
To: Bursar List
Subject: 1098T question

Hi there all - Merry Christmas - Happy Holidays!

I'm testing data for 1098T reporting. We report amounts billed on our 1098T
forms.

If a student had no allowable amounts billed in 2005, but had other activity
related to taking classes (book charges & payments, which will not be
reported) are we required to send a 1098T?

Deb Brondsema
General Accounting Manager
Davenport University

 
Received on Tue Dec 20 11:34:55 2005