IRS Form 1098-T
In general, colleges and universities must file Form 1098-T for any individual enrolled for any academic period and for whom the institution receives payment of qualified tuition and related expenses during the calendar year. Institutions must also file 1098-Ts for students who are not currently enrolled but for whom there was a prior-year adjustment made in the current year.
Reporting HEERF Dollars
- Agencies Provide Updates on Taxability, Disclosure Reporting for Emergency Grants to Students (May 8, 2020)
- NACUBO Submits Comments to IRS on Proposed 1098-T Reporting Modifications (October 31, 2016)
- IRS Proposes Modifications to 1098-T Reporting (August 8, 2016)
NACUBO Advisory Report
Guide to Form 1098-T Information Reporting, AR 18-06
1098-T guidance that consolidates and refreshes three previous advisory reports (2013-1, 2013-2, and 2014-1) into a comprehensive reference and road map for all aspects of 1098-T reporting (December 7, 2018)
IRS and Other Resources
- IRS Announces Emergency Grants to Students Need Not be Reported on Form 1098-T. Question #3 of the IRS FAQs addressing the treatment of HEERF emergency grants to students clarifies that those amounts do not need to be reported in Box 5 of the Form 1098-T (December 14, 2020).
- Notice of Proposed Rulemaking to implement statutory changes eliminating the option to report amounts billed, eliminate reporting exceptions, and add new reporting requirements (August 2, 2016)
- 1098-T and 1098-E Instructions, Tuition Payments Statement and Interest Payment Instructions
- IRS Notice 2006-72 guidance providing answers to frequently asked questions on 1098-T reporting (September 2006)