{"id":35,"date":"2018-05-15T10:32:45","date_gmt":"2018-05-15T17:32:45","guid":{"rendered":"https:\/\/laverne.edu\/accounts\/?page_id=35"},"modified":"2024-09-28T13:45:38","modified_gmt":"2024-09-28T20:45:38","slug":"1098t","status":"publish","type":"page","link":"https:\/\/laverne.edu\/accounts\/1098t\/","title":{"rendered":"1098-T"},"content":{"rendered":"<div id=\"article_3361013_3372452_1.0\" class=\"journal-content-article\">\n<h3>What is a form 1098-T?<\/h3>\n<p style=\"line-height: 17.35pt;margin: 0in 0in 8.0pt 0in\"><span>The 1098-T is an IRS form entitled \u201cTuition Statement\u201d that assists students in determining if they qualify for certain education-related tax credits under the Taxpayer Relief Act of 1997 (TRA97). The IRS requires eligible educational institutions, such as the University of La&nbsp;Verne, to provide this statement to students enrolled in eligible degree programs, as well as to the IRS.<\/span><\/p>\n<h3>When will 1098-T forms be mailed?<\/h3>\n<p>Forms 1098-T will be mailed and\u00a0postmarked by <strong>January 31st.<\/strong><\/p>\n<h3>Where will the forms 1098-T be mailed?<\/h3>\n<p>Forms 1098-T will be mailed to your permanent address on file with the University, unless that address is not a valid address. Local addresses will be used, if available, when the permanent address is not valid.<\/p>\n<\/div>\n<h3>Can I obtain the 1098T online?<\/h3>\n<p>For your convenience, a copy of your 1098-T can be found through your My Student Account Center, and accessed as follows:<\/p>\n<ol>\n<li>Go to <a href=\"http:\/\/myportal.laverne.edu\">myportal.laverne.edu<\/a>\u00a0and login with your user name and email password.<\/li>\n<li>Click on\u00a0<strong>Financial Aid &amp; Student Accounts<\/strong>.<\/li>\n<li>Click on\u00a0<strong>Student Account Services<\/strong>.<\/li>\n<li>Click on <strong>My Student Account Center<\/strong>.<\/li>\n<li>Click on <strong>Tax Forms.<\/strong><\/li>\n<\/ol>\n<p><strong>Prior to 2021 tax year and older<\/strong><\/p>\n<ol>\n<li>Go to <a href=\"http:\/\/myportal.laverne.edu\">myportal.laverne.edu<\/a>\u00a0and login with your user name and email password.<\/li>\n<li>Click on\u00a0<strong>Financial Aid &amp; Student Accounts<\/strong>.<\/li>\n<li>Click on\u00a0<strong>Student Account Services<\/strong>.<\/li>\n<li>Click on <strong>Tax Notification<\/strong>.<\/li>\n<li>Enter a Tax Year.<\/li>\n<li>Click on\u00a0<strong>Submit<\/strong>.<\/li>\n<\/ol>\n<div id=\"article_3361013_3372452_1.0\" class=\"journal-content-article\">\n<h3>What should I do if I haven&#8217;t received my form 1098-T?<\/h3>\n<p>Forms 1098-T will be mailed by January 31st. You can also access the Form 1098-T electronically through the <a href=\"http:\/\/myportal.laverne.edu\">La&nbsp;Verne Portal<\/a>.<\/p>\n<h3>What do the amounts located on the form represent?<\/h3>\n<ul>\n<li><strong>Box 1. Payments Received for Qualified Tuition and Related Expenses:<\/strong>\u00a0 The amount reported is the total amount of payments received, less any reimbursements or refunds made during the calendar year, that were applied to any qualified tuition and related expenses during the same calendar year. The amount reported is not reduced by scholarships and grants, which are reported in box 5.\n<ul>\n<li>Qualified tuition and related expenses, as defined by the IRS, are charges for tuition for a degree-seeking program, registration fees, lab fees, and any required association, materials or library charges billed directly through your student account. They do not include charges for room and board, health or health insurance-related fees, late fees or any fines and penalties.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Box 2:<\/strong><strong>\u00a0Reserved.<\/strong> Due to changes to institutional reporting requirements under federal law, beginning in tax year 2018, we will report in Box 1 the amount of qualified educational expenses for the year.\u00a0 Amounts billed will no longer be reported.<\/li>\n<li><strong>Box 4:<\/strong> Adjustments to payments or refunds for qualified tuition and related expenses for a prior year that relate to payments received.<\/li>\n<li><strong>Box 5:<\/strong><strong>\u00a0Scholarships or grants:<\/strong> This box contains the sum of all scholarships the University of La&nbsp;Verne administered and processed for the student\u2019s account during the calendar year. Scholarships and grants generally include all payments received from third parties.\u00a0 This includes payments received from governmental and private entities such as the Department of Veterans Affairs, the Department of Defense, civic and religious organizations and nonprofit entities.\u00a0 \u00a0Tuition waivers and payments received from third parties that are applied to a student\u2019s account for education expenses are included in this box. Please note that you may receive additional scholarships that the University does not administer and process. These should also be taken into consideration when determining your eligibility for the credits.\n<ul>\n<li>Please note: the funding connected to the Higher Education Emergency Relief\u00a0 Fund (HEERF) will not be included in Box 5.\u00a0 Learn more by visiting the IRS webpage: <a href=\"https:\/\/www.irs.gov\/newsroom\/faqs-higher-education-emergency-relief-fund-and-emergency-financial-aid-grants-under-the-cares-act\">FAQs: Higher Education Emergency Relief Fund and Emergency Financial Aid Grants under the CARES Act.<\/a><\/li>\n<\/ul>\n<\/li>\n<li><strong>Box 6:\u00a0<\/strong>Adjustments to scholarships or grants for a prior year: Negative adjustments to scholarship amounts reported in a previous year are included in this box.<\/li>\n<\/ul>\n<h3>Why isn&#8217;t there an amount in Box 2?<\/h3>\n<p>Due to changes to institutional reporting requirements under federal law, beginning in tax year 2018, we will report in Box 1 the amount of qualified educational expenses for the year.\u00a0 Amounts billed will no longer be reported.<\/p>\n<h3>I did not receive my 1098-T form, why?<\/h3>\n<ul>\n<li>As per IRS regulations, colleges and universities are not required to file Form 1098-T or furnish a statement for students enrolled in courses for which no academic credit is offered. This includes our students in the online Professional Development programs.<\/li>\n<li>The Form 1098-T is provided by the University of La&nbsp;Verne to all students in a degree-seeking program, who have provided their social security number to the Office of the Registrar. Please review the IRS regulations or contact your individual tax consultant concerning eligibility to claim tax education credit(s).<\/li>\n<li>If you did not provide the University of La&nbsp;Verne with a Social Security Number (or you do not have one), you will not have a 1098T form available to you. If you have recently obtained a SSN or TIN, you can contact the Registrar&#8217;s Office no later than December 15th, each year, to provide that information by completing the W-9S form. Please click <a href=\"https:\/\/laverne.edu\/accounts\/wp-content\/uploads\/sites\/66\/2018\/11\/W-9S.pdf\"><u>here<\/u><\/a> to obtain the form.<\/li>\n<\/ul>\n<h3>I am a recipient of payment from the Department of Veteran Affairs.\u00a0 How are the tuition and stipend payment amounts reported on my Form 1098-T?<\/h3>\n<p>VA Benefits received are reported on your Form 1098-T as scholarships in Box 5 and payments in Box 1.<\/p>\n<p>Per IRS Publication 970, payments you receive for education, training or subsistence under any law administered by the Department of Veterans Affairs (VA) are tax-free. However, for U.S. tax reporting purposes, Veteran Benefit recipients are issued a Form 1098-T from the University reflecting the total tuition and fee payments by multiple sources (including benefits paid by the VA), not just items personally paid out-of-pocket.<\/p>\n<p>For more information from the IRS regarding these rules please\u00a0<a href=\"https:\/\/www.irs.gov\/pub\/irs-pdf\/i1098et.pdf\">click here<\/a>\u00a0and see\u00a0<strong>page 2<\/strong>\u00a0under\u00a0<strong>Specific Instructions for Form 1098T\u00a0<\/strong>under\u00a0<strong>Exceptions<\/strong>.\u00a0 You may also want to visit the Veterans Administration website at <a href=\"https:\/\/benefits.va.gov\/gibill\/\">www.gibill.va.gov<\/a> for specific information about various VA benefits for education.<\/p>\n<h3>Where can I get help?<\/h3>\n<p>The University cannot offer legal or tax advice. Information concerning the tax benefits for education is available in IRS Publication 970 and may be downloaded at <a href=\"http:\/\/www.irs.gov\/pub\/irs-pdf\/p970.pdf\">the IRS website<\/a>. Questions concerning your eligibility should be directed to the IRS or your tax professional.<\/p>\n<p>For more information, please visit the US Government&#8217;s IRS Web site at Tax Information for Students\u00a0or call (800) TAX-1040 or (800) TAX-FORM.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>What is a form 1098-T? The 1098-T is an IRS form entitled \u201cTuition Statement\u201d that assists students in determining if they qualify for certain education-related tax credits under the Taxpayer Relief Act of 1997 (TRA97). The IRS requires eligible educational institutions, such as the University of La&nbsp;Verne, to provide this statement to students enrolled in [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-35","page","type-page","status-publish","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.8 (Yoast SEO v23.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>1098-T | University of La Verne<\/title>\n<meta name=\"description\" content=\"Learn more about the IRS Tuition Statement that assist students in determining if they qualify for education related tax credits under the Taxpayer Relief Act of 1997.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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