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Message Box
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titleWhat's New for 2016
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  • Mortgage insurance premiums. Public Law 114-113, Division Q, section 212, requires educational institutions to only report qualified tuition and related expenses actually paid on Form 1098-T. You may no longer report amounts billed.
  • Limited penalty relief.For the 2016 calendar year, Announcement 2016-17 provides that no penalties will be imposed under section 6721 or 6722 for reporting the aggregate amount billed, instead of the aggregate amount of payments received, for qualified tuition and related expenses on Form 1098-T. Beginning in 2017, only the qualified tuition and related expenses actually paid can be reported on Form 1098-T
  • New checkbox. A new checkbox was added to the Student's taxpayer identification no. box. This checkbox is for the purpose of certifying under penalty of perjury that you have complied with the standards promulgated by the Secretary for obtaining the student's TIN. See Student's taxpayer identification number and checkbox, in the Specific Instructions for Form 1098-T, later.Box 2 removed.
Message Box
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titleNew Fields
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  • Rcp Tin Checkbox: STUDENT'S taxpayer identification no. checkbox.

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