1098-T Form | Student Accounts | University of Portland

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1098-T Form

Student Accounts: 1098-T Form

The 1098-T form is used by eligible educational institutions to report information about their students to the IRS as required by the Taxpayer Relief Act of 1997. Eligible educational institutions are required to submit the student's name, address, and taxpayer’s identification number (TIN), enrollment and academic status. Beginning in 2003, educational institutions must also report amounts to the IRS pertaining to qualified tuition and related expenses, as well as scholarships and/or grants, whether they are taxable or not. A 1098-T form must also be provided to each applicable student. This form is informational only. It serves to alert students that they may be eligible for federal income tax education credits. Receipt of Form 1098-T does not indicate eligibility for the tax credit. It should not be considered as tax opinion or advice. While it is a good starting point, the 1098-T, as designed and regulated by the IRS, does not contain all the information needed to claim a tax credit. To determine the amount of qualified tuition and fees paid, and the amount of scholarships and grants received, a taxpayer should use their own financial records, and carefully review IRS Form 8863. While the University will provide you with the 1098-T form, we cannot provide you with any tax advice or assistance in determining whether you are eligible.
The IRS Form 1098-T will be mailed to students by January 31^st. This form will provide students with the following information:

A summarization of the total amount of qualified tuition
Summarization the total amount of scholarships and grants received
Indication if the student attended at least half-time during the calendar year
Indication if the student was a graduate student
Indication if some of the qualified tuition, scholarships and grants were adjusted from the previous reporting year

To access your 1098-T form online from your Self Serve account:

Log into your slink: Self Serve Account (must log into PilotsUP).
Select Student
Select Student Records
Select Tax Information

You can also request a copy of your 1098-T form at (866) 428-1098. The University of Portland school code is S8.

The IRS provides the option for schools to report either "Payments received" in Box 1, or "Amounts billed" in Box 2, but not both . Once an institution has selected one of these options, they cannot change reporting methods between calendar years without IRS permission. The University of Portland reports qualified tuition and related expenses that were billed during the tax year (Box 2) and scholarships and grants (Box 5), therefore, Box 1 – Payments Received for Qualified Tuition and Related Expenses, will be blank. Since spring charges are billed in December, the qualified expense associated with that semester will appear in box 2 of the prior year’s 1098-T.

A 1098-T form will not be generated for non-resident alien students.

For information and assistance in the calculation of any applicable education tax credit or in the preparation of your income tax return, we recommend you contact a tax preparer, refer to IRS Publication 970: Tax Benefits for Higher Education (Tax Benefits for Higher Education) or contact the IRS at (800) 829-1040.
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