Re: bursar-l: 1098-T information

Deb,

Do you send a 1098-T if the application fee is the only charge for that year? Most of our students pay the app fee the fall before they come. I agree with you that the fee is required and could therefore be eligible but it seems like it would create too many problems. If the student ends up not enrolling are they still able to deduct it? If they take the deduction it would count as a year for their hope credit wouldn't it?

Jim Andersen
Assistant Controller
Univ. of Wis. - Platteville
  ----- Original Message -----
  From: Deb Brondsema
  To: bursar-l@list.mail.virginia.edu ; Peggy Karls
  Sent: Thursday, December 13, 2007 2:21 PM
  Subject: Re: bursar-l: 1098-T information

  Since they are required, we consider them to be qualified education expenses.

>>> "Peggy Karls" <karls@uwp.edu> 12/13/2007 2:33 PM >>>

  Are application fees allowable charges?

  Peggy Karls

  Peggy Karls, Bursar

  University of Wisconsin - Parkside

  PO Box 2000

  900 Wood Road

  WYLL D193

  Kenosha, WI 53141

  Phone: (262)595-2350

  FAX : (262)595-2340

  email : peggy.karls@uwp.edu

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  From: bursar-l-bounces@list.mail.virginia.edu [mailto:bursar-l-bounces@list.mail.virginia.edu] On Behalf Of Deb Brondsema
  Sent: Thursday, December 13, 2007 12:39 PM
  To: bursar-l@list.mail.virginia.edu
  Subject: bursar-l: 1098-T information

  Hopefully someone knows the answer to this question, or can direct me to the answer to this question.

  If a student is charged an application fee in 2007 for a Fall 2008 start;

  and is not enrolled at least 1/2 time in any semester during the tax year 2007;

  am I required to send them a 1098-T?

  We report "Amounts Billed" .... we have sent 1098-T's in the past to this group of "potential/probable" students .... the difference this year is we are changing our ERP system, the "Student" portion will not be fully LIVE until Fall 2008 and gathering the data will be challenging.

  Thanks in advance!

  Deb

  Deb Brondsema
  General Accounting Manager
  Davenport University
  1.616.732.1116

  Fax: 1.616.732.1146

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Received on Thu Dec 13 16:29:56 2007