The 1098-T form is an annual statement that reports the amount of tuition billed during the previous calendar year. The purpose of the form is to assist in determining eligibility for certain education-related tax credits under the US Treasury Taxpayer Relief Act of 1997.
• You do not need your 1098-T unless you are filing for these credits.
• Forms will be mailed on January 31 from the Accounting Office to the address on file.
• Current students may elect an electronic form in lieu of the paper form. Help save trees! Please log in to WebAdvisor and elect the electronic version prior to Jan.15th so that a paper form is not generated. If you elected last year, you do not need to do it again. You will receive an e-mail when the electronic file is available.
• Students must have a valid social security number and address on file in the Registrar's Office by December 31, 2017 in order for a 1098-T to be issued.
Understanding your 1098-T:
For 2017, institutions may report either payments received during the calendar year in box 1 OR amounts billed during the calendar year in box 2. Meredith College reports the amounts billed in box 2: box 1 will be blank. Box 2 may represent an amount other than the amount actually paid.
Please contact your tax preparer for questions regarding credit eligibility. The Accounting Office cannot provide tax assistance.
Questions regarding form 1098-T may be directed to the Accounting Office at (919) 760-8363 or via email to email@example.com.
Form 1099-MISC is a reporting of miscellaneous income or contract services paid to individuals and organizations receiving non-employee compensation. This form is available each year after January 31 from the Accounting Office. In order to verify the TIN (taxpayer identification number), a completed W-9 must be filed with the Accounting Office for all individuals and organizations receiving non-employee compensation or payments for goods and services. Additionally, we may request a new W-9 each year, or as needed or required by federal regulations.
For more information about W-9 requirements, please visit the IRS website at www.irs.gov.
Questions regarding form 1099-MISC or W-9 requirements may be directed to the Accounting Office at (919) 760-8363 or via e-mail to firstname.lastname@example.org.
Form W-2 is a statement of wages and earnings, issued by the Office of Human Resources for employees, including student workers. For questions regarding this form, please contact the Office of Human Resources.