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 1098-T Frequently Asked Questions

Caution: The below content is general information only and should not be taken as tax or legal advice.
If you have any 1098-T tax-related questions regarding the tax credit, eligibility, reporting your tax credit on your tax return, etc, please contact a tax professional or the IRS.
Students who have general non-tax specific Form 1098-T questions can email StudentFinance@nwtc.edu. Please be sure to provide us with your full name and student ID number so that we may access your account.
 

What is the IRS Form 1098-T?

IRS Form 1098-T, is entitled "Tuition Statement," and contains information to assist the IRS and you in determining if you are eligible to claim educational related tax credits such as the American Opportunity Credit and Lifetime Learning Tax Credit. 

The Tax Relief Act of 1997 states that educational institutions, such as Northeast Wisconsin Technical College, are required to file informational returns with the IRS indicating a student's enrollment, and report either amounts billed, or payments received for qualified tuition and related expenses.

In compliance with IRS guidelines, the 1098-T form the student receives is information that was sent to the IRS by Northeast Wisconsin Technical College.  This form serves as informational purposes only.  It is informational return for your personal records, and is not required to be submitted with your tax return.

Why didn't I receive a form 1098-T?  

In compliance with the IRS guidelines, NWTC is not required to file Form 1098-T or furnish a statement for:

  • Students whose qualified tuition and related expenses are entirely waived or paid entirely with scholarships and grants [federal grants (PELL, SEOG, etc.) and state grants (WHEG, WIAG, TIP, Minority, etc.)].
  • Non-credit program courses without Continuing Education Units (CEU), even if the student is otherwise enrolled in a degree program.
  • International (foreign) students who are not U.S. residents for tax purposes.
  • Students whose qualified tuition and related expenses are covered by a formal billing arrangement between an institution and the student's employer or a government entity, such as the Department of Veterans' Affairs or the Department of Defense.
 

When and where will the Form 1098-T be provided?  Can I “GO GREEN!” and consent to access my Form 1098-T online?

If NWTC was required to produce a form for you, it will mail out, or made available electronically, by January 31st. 

Students at NWTC have the option to GO GREEN and consent to receive their upcoming 1098-T tax form electronically by January 13, 2013.  To give your consent, please log into My.NWTC, click on My.Financials, My Account, My Profiles, and Paperless 1098-T.

Benefits to receiving the Form 1098-T electronically vs. through regular postal mail:

  • Online delivery provides 24/7 access to the Form 1098-T.
  • Online delivery eliminates the chance that the Form 1098-T will get lost, misdirected or delayed during delivery, or misplaced once the student receives it.


By not giving your consent prior to January, 13, 2013, Form 1098-T will be mailed to your address on file at the college.

 

What amounts are included in Box 2 "Amounts billed for qualified tuition and related expenses?

The college is required by the IRS to either fill in the payments received (Box 1) or the amounts billed for qualified tuition and related expenses (Box 2). NWTC has chosen to report the amount billed; therefore, we fill in Box 2.

  • Qualified tuition and related expenses are defined as tuition and certain related expenses required for enrollment or attendance at an eligible educational institution. Student-activity fees and expenses for course-related books, supplies, and equipment are included in qualified related expenses only if the fees and expenses must be paid to the institution as a condition of enrollment or attendance.

  • Unqualified expenses include charges and fees for room, board, insurance, medical expenses (including student health fees), transportation, or other similar personal, living, or family expenses.

    See
    IRS publication 970 for specific examples of qualified and unqualified tuition and related expenses.

Why does Box 1 show a $0 amount?

NWTC reports in Box 2, amounts billed for qualified tuition and related expenses.  Reporting $0 in Box 1 does not mean payments were not made, it is simply a required placeholder on the form.


Where can I get a list of payments made to the college?

Please log into My.NWTC, click on My.Financials, My Account, Payments, and Payment History

Why do my records not match the tuition and fee payments reflected on my Form 1098-T?

When reviewing your records please take into consideration actual payment dates in order to reconcile your records to the amounts on the form. The Form 1098-T reflects payments and refunds made in the calendar year. Payments made in previous or future years are not included. For instance, if a student paid for Spring 2013 prior to January 1st, 2013, the amount billed for the Spring 2013 semester tuition and fees would be included in Box 2 of the prior year 2012 Form 1098-T.


What is the W9-S Form
?           

NWTC is required by the Internal Revenue Service to send Form W-9S, Request for Student’s Taxpayer Identification Number and Certification for purposes of 1098-T Tuition Statement reporting.  Form W9-S is sent to eligible students who were enrolled in credit based courses during the tax year and who have a missing or invalid Social Security Number in our database. 


What do I have to do with the W9-S Form
?

Students who have received Form W-9S, Request for Student’s Taxpayer Identification Number and Certification, should complete and return the W-9S form to the Student Finance office before the end of December.  If the form is not returned, NWTC will report the student’s 1098T Tuition Statement information to the Internal Revenue Services without a taxpayer identification number.


Where can I find more information regarding the tax credits and deduction for qualified higher education expenses?

For information about eligibility and filing for the credits, please refer to IRS Publication 970, Tax Benefits for Higher Education, by visiting the IRS Website or by calling the IRS at 1-800-829-1040.
 

Can the college give me tax advice?

It’s important to note the school cannot provide individual income tax advice. If you have any 1098-T tax-related questions regarding the tax credit, eligibility, reporting your tax credit on your tax return, etc, please contact a tax professional or the IRS.

 

What if I have more questions?

NWTC is unable to answer any tax-related questions or provide any tax advice.  All information and assistance that NWTC can provide is contained in the 1098-T Tuition Statement. The content of this notice is not intended as legal or tax advice.

For tax specific questions, please contact the Internal Revenue Service (IRS) at 1-800-829-1040 or your personal tax advisor for further assistance.

 

Additional Information:

The web links below provide more detailed information about the Hope Tax Credit and the Lifetime Learning Tax Credit.
This information is not intended as legal or tax advice. Individuals should obtain IRS Publication 970, "Tax Benefits for Higher Education," or contact a tax practitioner about personal income tax situations.