Form 1098-T: Frequently Asked Questions
What is Form 1098-T?
IRS Form 1098-T, Tuition Statement, contains information to assist the Internal Revenue Service (IRS) and you in determining if you are eligible to claim educational related tax credits. For more information on these credits, see IRS Publication 970 at http://www.irs.gov/pub/irs-pdf/p970.pdf, or consult your own tax advisor.
Am I required to submit my 1098-T to the IRS?
No. The 1098-T is for informational purposes only and does not need to be submitted to the IRS by the student.
When will I receive my Form 1098-T?
If you consent to receive your 1098-T electronically, your form will be available to view on myACCESS before January 31.
If you did not consent to receive Form 1098-T electronically, the form will be mailed to your home address on file with College of DuPage. The form will be postmarked by January 31.
I took classes in the spring 2017 term, however, the charges are not included on my 1098-T. Why?
Box 2 of Form 1098-T shows the total amount billed for qualified tuition and related expenses for the 2017 calendar year. If you enrolled for the spring term on or before December 31, 2016, the charges would have been reported on last year's 1098-T.
Why does the amount in Box 2 differ from the amount I paid in 2017?
The amount billed for the calendar year may differ from the amount paid during the calendar year. Per the IRS, schools may elect to report data for payments received (Box 1) or amounts billed (Box 2), but never for both and never on a student-by-student basis. College of DuPage elects to report data for amounts billed in Box 2; therefore, Form 1098-T reflects the amounts billed during the calendar year.
Why is Box 1 blank on my 1098-T?
Per the IRS, schools may elect to report data for payments received (Box 1) or amounts billed (Box 2), but never for both and never on a student-by-student basis. College of DuPage elects to report data for amounts billed in Box 2; therefore, Box 1 is blank. The calendar year in which the charges are billed to the student account determines the year in which they are reported on the 1098-T.
What information is on Form 1098-T?
Eligible educational institutions, such as College of DuPage, are required to file informational returns with the IRS indicating a student’s name, address, Individual Taxpayer Identification Number (ITIN), enrollment status, academic status, report amounts pertaining to qualified tuition and related expenses, as well as scholarships and grants, taxable or not.
The 1098-T you receive in the mail or electronically is the information sent to the IRS by College of DuPage. The form is an informational return for your records and is not required to be submitted with your tax return.
What happens if my Social Security Number is not on file with the College?
College of DuPage must obtain your correct identifying number to file Form 1098-T with the IRS and to furnish a statement to you. This will be your Social Security Number (SSN) or, if you are not eligible to obtain an SSN, your Individual Taxpayer Identification Number (ITIN). If you do not submit your SSN or ITIN, you will not be denied access to the College; however, you may be subject to IRS civil penalties of $50 for failing to furnish a correct SSN or ITIN.
If your SSN or ITIN is not on file with the College, please complete the Request for Student's Taxpayer Identification Number Form (Substitute IRS Form W-9S). Please submit the completed form to the Cashier's Office no later than Friday, December 15, 2017. The form may be submitted in person to the Cashier's Office, located in Berg Instructional Center (BIC), Room 2424, or mailed. Please do not email the form.
What educational expenses are considered as qualified tuition and related expenses?
Qualified tuition and related fees include: undergraduate tuition, student fees, technology fees, and general service fees.
Why am I not eligible to receive Form 1098-T?
You may not have been issued a 1098-T for various reasons. Below are common examples of why a student may not receive a 1098-T.
- You are an international student. COD is not required to furnish the 1098-T to international students.
- You did not have eligible enrollment. COD is not required to furnish the 1098-T for students who did not earn academic credit.
- You did not have any tuition expenses billed for the calendar year.
Why is there no check mark in Box 8 (“at least half-time)?
Box 8 will not be checked if you did not complete a minimum of six credit hours during an academic term.
Where can I learn more about the Lifetime Learning Credit?
The Lifetime Learning Credit is for qualified tuition and related expenses paid for eligible students. There is no limit on the number of years you can claim the credit. For an overview of the Lifetime Learning Credit, visit https://www.irs.gov/credits-deductions/individuals/lifetime-learning-credit.
Where can I learn more about the American Opportunity Tax Credit?
The American Opportunity Tax Credit is a credit for qualified education expenses paid for an eligible student for the first four years of postsecondary education. For an overview of the American Opportunity Tax Credit, visit http://www.irs.gov/Individuals/AOTC.
How much can I claim on my taxes? How do I know what to put on my tax return?
The College cannot give you tax advice. We comply with Federal regulations by annually providing an IRS Form 1098-T to eligible students in late January. Please consult your tax advisor for more information about your particular situation.
I lost my Form 1098-T. How do I obtain another copy?
If you consented to receive the form electronically, you can reprint the form by logging into myACCESS and selecting View My 1098-T Forms under Student Payment Information.
My address listed on the 1098-T has changed. Will this affect me?
If you are receiving the form in the mail, the 1098-T will be sent to the most recent address the College has on file. If your home address on file with the College is incorrect, please update your address with the Office of Student Registration Services, located in SSC 2221, before January 12, 2018.
If you elected to receive the 1098-T electronically, the address change does not impact you. The address shown on Form 1098-T is irrelevant for IRS income tax filing purposes. While the address change will not affect your 1098-T if you receive the form electronically, it is still recommended you update your address with the Office of Student Registration Services.
What is COD’s Tax Identification Number?
The COD Federal Identification Number is 36-2594972. This number can also be found on Form 1098-T under "FILER'S federal identification no."
Who do I contact if I have additional questions?
If you have additional questions or concerns about your 1098-T, you can reach the Cashier’s Office via phone at (630) 942-2206 or email at Cashiers@cod.edu.
Please be advised, College of DuPage is prohibited from providing legal, tax, or accounting advice to students and is not responsible for any use you make of this information.
What is the fastest way to receive my Form 1098-T?
We recommend enrolling in electronic delivery of your 1098-T. You will receive the tax form faster and have access to view all of your Form 1098-Ts electronically. To ensure you receive your 1098-T electronically, please provide your consent on myACCESS before January 20.
Berg Instructional Center (BIC), Room 2424
Monday to Thursday 8 a.m. to 7 p.m.
Friday: 8 a.m. to 5 p.m.
Phone: (630) 942-2206
Fax: (630) 942-2909
College of DuPage
425 Fawell Blvd., Glen Ellyn IL, 60137
(630) 942-2800 (Main)
(630) 942-3000 (Student Services)
2017 College of DuPage