1098T Frequently Asked Questions

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What is Form 1098-T?

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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.

When will the 1098-T be mailed?

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The IRS requires Form 1098-T to be postmarked by January 31 of the following calendar year. This form is mailed to the student's permanent address (not billing address) that was enrolled at the University of Tennessee for at least half time during the calendar year. Address changes can be made on line through Banner Self-Service for your current address. However, any permanent address changes must be done in the Office of the University Registrar.

My address has changed, how do I change my address on the 1098-T?

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The address on your 1098T is the permanent address on your university records.  Any permanent address changes must be done in   the Office of the University Registrar prior to the printing on the 1098T form.

Is the 1098-T available electronically?

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You may print a copy of your 1098T form online by January 31st .

Why did I receive a 1098-T?

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Internal Revenue Code §6050S provides that education intuitions are required to file information returns with the IRS and furnish statements to taxpayers for each student that is enrolled and from whom a reportable transaction is made.

Where can I get a listing of payments made to the University of Tennessee?

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Students may view their qualified fees assessed and payments applied to those fees at Banner Self-Service.  This site can be accessed with a Net ID and Password. If a student is unable to obtain this information from the website, a statement can be mailed to the students billing address.

Since I received a Form 1098-T from the University of Tennessee, am I qualified for one of the education tax credits?

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Determination of eligibility is the responsibility of the taxpayer.

How can I find out if I am eligible for a tax benefit?

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Read IRS Publication 970 from the IRS web site, contact the IRS at 1-800-829-1040, or contact a tax advisor.

My Form 1098-T contains incorrect information. How can this be corrected?

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Contact the Bursar's Office and explain what information you feel is incorrect. If Form 1098-T does contain incorrect information, a corrected form will be issued.

What are Qualified and Non-Qualified expenses?

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As determined by the Federal Government, Qualified expenses are defined as expenses required by and paid to the institution for enrollment purposes. They include maintenance, tuition, technology fee, course fee and a portion of the programs and services fee.

Non-qualified expenses are defined as books, room and board, student activities, parking, insurance, equipment, or other similar personal living expenses.

As a result, the amount of qualified expenses will likely be less than the total amount of money paid.

 

How do I request a duplicate 1098-T?

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You may print a copy of your 1098T online.

Contact the Bursar’s Office at (901) 448-5552 or cashier@uthsc.edu. if you have questions about the form.

Please note that the University of Tennessee Health Science Center is prohibited from discussing or disclosing any student information over the telephone or to anyone other than the student themselves.  The University cannot send a student’s 1098-T directly to a parent or tax preparer.  The student will need to provide the 1098-T to his/her parent or tax preparer.

Federal law requires and ensures privacy of information through FERPA - the Family Education Rights and Privacy Act. For access to tax information and for faster responses to your inquiries, please follow all instructions and required procedures.

My 1098-T only shows my financial aid payments and not what I paid. Can you issue a corrected 1098-T?

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 The University of Tennessee reports amounts billed in box 2 for qualified fees and not paid.  If you have additional concerns, contact the Bursar Office at (901) 448-5552 or cashier@uthsc.edu.

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Contact Us

Bursar's Office

62 South Dunlap, Suite 103
Memphis, Tennessee 38163
Phone: 901-448-5550
Fax: 901-448-6795
Email: cashier@uthsc.edu

Student Loan Office

62 South Dunlap, Suite 103
Memphis, Tennessee 38163
Phone: 901-448-6773 or
Fax: 901-448-6795
Email: studentloans@uthsc.edu