bursar-l: 1098T

I have a question on a 1098T that was issued for 2006.
The student received OVR of $2,000; then the OVR money was refunded back
to OVR.

Only the credit side of the transaction appeared on the 1098T; the
return of the OVR was not included since that transaction code is not
captured when we do the 1098Ts.

This means that the data in box 5 was overstated by $2,000.

Do we need to do a revised 1098T for this student?

Suzanne Dominick
Accounts Receivable Supervisor
Seton Hill University
Greensburg, PA 15601
dominick@setonhill.edu
Ph: 724-830-4635 Fax: 724-830-1292
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Received on Wed Mar 28 13:15:46 2007