Understanding What Is 1098-T Form
Frequently Asked Questions About the 1098T The City University of from www.cuny.edu The 1098-T form is the most important document for those who go to college or university. It is used to report the cost of tuition and other related expenses for the students. It is also used by the Internal Revenue Service (IRS) to determine the student's eligibility for certain educational tax credits. To understand the 1098-T form, it is important to understand how it works and what information it contains. Who Should Receive the 1098-T Form? The 1098-T form is sent to the student’s address by the institution they attended. The 1098-T form is the responsibility of the school, college, or university to issue it. If a student’s address changes, the student must inform the school, college, or university of the new address. It is also important to note that the form is sent to the student, not to their parents or guardians. What Information is Reported on 1098-T Form? The 1098-T form contains sev...