bursar-l: Another 1098-T reporting question

When a student who has previously refused to furnish the university with
a Social Security number, wants a 1098T after the school has submitted
it's file to the IRS, how long would you say we are obligated to provide
the formal document and would you then submit it as a correction?

--- Jenny

"The significant challenges we face cannot be resolved at the same level
of thinking we were at when we created them." Albert Einstein

Jenny Getsinger

Associate Director of Student Financial Services

George Fox University

414 N. Meridian #6129

Newberg, OR 97132

1.800.765.4369, ext. 2291 / 503.554.2291 / 1.503.554.3880

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-----Original Message-----
From: Ginny Layton [mailto:laytonvh@muohio.edu]
Sent: Monday, September 16, 2002 1:01 PM
To: bursar-l@virginia.edu
Subject: Re: 1098-T reporting

Our outside scholarships debit cash, and credit student accounts

receivable, just as a student payment would. We apply them directly to
the

students' accounts. We include them as 'scholarships' in our 1098T
reporting.

At 12:17 PM 9/16/2002 -0400, Marilyn Sauls wrote:

>Our controller asked me to find out if outside source or miscellaneous

>scholarships are entered as revenue when received and and expense when
it

>is credited to a student's account? If not, how do you record the
receipt

>and disbursement of the scholarship money?

>Marilyn Sauls

>Bursar

>Mississippi College

>

Ginny Layton

Bursar

Miami University

Office: 513-529-8702

Fax: 513-529-8788

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Received on Wed Mar 21 13:16:51 2007