1098-T Form Tuition Statement

1 1098-T form Tuition Statement IMPORTANT NOTE: The 1098-T is an informational form only and is advisory in nature; it may or may not contain all the information needed to determine eligibility for the education tax credit; the form is not required to be attached to the taxpayer s federal income tax return. Student s own financial records constitute reliable source of information necessary to file federal income tax. It is the taxpayer s responsibility to determine and calculate the appropriate tax credit or deduction he or she may be eligible to claim on the federal income tax return. Please consult IRS regulations and instructions and/or a tax professional for assistance in claiming your education credits.

2 The following categories of students are not required to be issued 1098-T form by Brandman University in accordance with IRS regulations: Courses for which no academic credit is offered: continuing education credit and non-credit classes; Students whose qualified Tuition and related expenses are entirely waived or paid entirely with financial aid (excluding loans), scholarships, grants, Tuition remission; Students whose qualified Tuition and related expenses are paid entirely by the student's employer ( Walmart, Discover, other Guild Education partners) or a governmental entity, such as the Department of Veterans Affairs or the Department of Defense Tuition assistance arrangements.

3 Frequently Asked Questions What is a 1098-T ? The 1098-T form provides tax information intended to assist qualified students in determining eligibility for the Hope tax credit - American Opportunity tax credit and the Lifetime Learning credit. The forms are generated and provided to eligible students by January 31st of each calendar year. For specific IRS guidelines on eligibility, including credit amount, limits on adjusted gross income, qualified expenses and other details, please visit IRS website: IRS Publication 970, as well as Why 1098T is Important, Compare Education Credits and Deductions and Am I eligible for Education Credit Interactive Tool. What has changed with my 1098T in calendar (tax) year 2018?

4 In 2017 and prior, Brandman University reported qualified CHARGES in Box 2. Effective January 1, 2018 the Internal Revenue Service (IRS) is requiring universities to begin reporting what students paid to an educational institution in Box 1. Payments made in calendar year 2018 toward 2017 calendar year sessions will not appear on the form 1098-T in 2018 for the following reason: On form 1098-T for 2017, Brandman University was reporting qualified charges in Box 2. For some students, Spring 2018 charges were incurred in December 2017 and reported in Box 2 on the 2017 form 1098-T . On the 2018 form 1098-T , Brandman University will be reporting qualified payments in Box 1. Your payment made prior to 1/1/18 cannot be reported in 2018, since 1098T form is limited to the reporting/calendar year.

5 Payment made in 2018 towards session in 2017 cannot be reported as well, in order to avoid duplicate reporting, since corresponding charges would have already been reported on the 2017 form . While the transition can be a bit confusing, nothing has been lost or misreported during the transition from reporting in Box 2 in 2017, to reporting payments in Box 1 in 2018. IRS is aware of the nationwide change in the reporting methodology and the resulting idiosyncrasies. Does every student receive 1098T form ? Brandman University must file a form 1098-T for each student enrolled for the given calendar year and for whom a reportable transaction is made. However, the IRS does not require Brandman University to provide a form 1098-T for: Courses for which no academic credit is offered, even if the student is otherwise enrolled in a degree program; Nonresident alien students; Students whose qualified Tuition and related expenses are entirely waived or paid entirely with financial aid scholarships and/or grants, employer payments (such as Guild Education Walmart, Discover and other partners), department of Veteran Affairs, Department of Defense Tuition assistance and other similar arrangements.

6 Please note that due to 2018 being a reporting methodology transition year ( transition from reporting charges billed to payments made), to assist students with better understanding of the forms, they will be generated, although IRS allows this exclusion; Students whose expenses are covered by a formal 3rd party billing arrangement How do I sign up for electronic delivery of 1098T? Brandman university partnered with Heartland Campus Solutions ECSI (Heartland ECSI), offering you the opportunity to receive your 1098-T Tuition Statement electronically. If you would like to receive your 1098-T form electronically, please give your consent by clicking and following the step by step instructions.

7 The benefits to receiving electronic notification are: * Online delivery provides access to the form 1098-T earlier than the traditional mailing process. * Online delivery eliminates the chance that the 1098-T will get lost, misdirected or delayed during delivery, or misplaced once the student receives it. * Signing up for online delivery is easy and secure. * Students can receive their 1098-T form even while traveling or on assignment away from their home address. 1. Website: 2. Signup for Electronic Statements by entering your Student ID (not SSN!), Name, and Email Address (with the option to include an alternate email address). Heartland ECSI's website is a secure website and Heartland ECSI will not share your private information with anyone.

8 This email is strictly sent to gather your consent for receiving an electronic 1098-T form . 3. Read information, check box and click submit. How do I access my 1098T electronically? Qualified students can access 1098T form earlier and easier by electing online delivery via Once the electronic statements are issued, the students who have provided consent for electronic delivery, gain immediate access to 1098-T and ability to print it. Please note that electronic delivery is fully compliant with IRS regulations. Students who have previously opted to receive their statements electronically, will receive a notification with instructions on how to access the Statement online (including the school code and PIN#).

9 All other students who are eligible for the form , will receive a printed Statement delivered before January 31st of each calendar year, which includes instructions on how to access the Statement online (including their school code and PIN#). Qualified students may view and/or print 1098-T statements electronically by clicking on the following link: If you lose your PIN number, you must contact the ECSI 1098-T Hotline: 1-866-428-1098 I am an extended education student, should I expect to receive the form ? According to IRS regulations, 1098T form is not required to be produced for any courses that do not carry academic credit. Since continuing education courses as well as non-credit continuing education courses do not have an academic credit component, the form will not be generated.

10 Only classes with academic credit will result in a 1098T form , provided Tuition and fee charges were not completely covered by the student s employer, grants or scholarships or other arrangements. I am a student receiving Veteran s benefits and I have attended classes leading to an associate, bachelor or graduate degree, but I did not receive the form ? According to IRS regulations, 1098-T form is not required to be generated for students, whose Tuition and fees are entirely paid on the student s behalf by governmental and private entities such as the Department of Veterans Affairs, the Department of Defense, civic, and religious organizations, and nonprofit entities. If the amount of veteran s benefits or any other third party payment on the student s behalf, is equal to or exceeds the amount of qualified Tuition and fees, the form is not required to be produced.