In order to print your 1098-T properly, please use Internet Explorer. The form may not print properly when using other web browsers. Any questions, please call Edward Shore at 909-869-2611. Thank you.
Form 1098-T is an annual IRS form completed by Cal Poly Pomona as required by the Taxpayer Relief Act of 1997 which is furnished to students to assist them in the preparation of their annual income tax returns. The form summarizes qualified tuition and related expenses for the calendar year (January 1 to December 31). The form reports the amounts billed that may entitle the student to the American Opportunity Credit, Lifetime Learning Credit, or other educational tax benefits depending on their individual situation.
In order to comply with IRS regulations, Cal Poly Pomona is required to have the student's social security number for 1098-T IRS reporting. Not having the number can delay processing.
For students who cannot access BroncoDirect or want to have their form mailed, forms will be mailed by January 31, 2015. If you are a current student, we encourage you to take advantage of receiving the form electronically: save time, eliminate the risk of losing your 1098-T form in the mail, and safeguard your personal information.
Students who cannot receive the form electronically include:
The forms will be mailed by using the mailing address in our records. If you have moved, please help mitigate delays by changing the mailing address in BroncoDirect prior to January 1, 2015.
At the View 1098-T screen, if you have a green bar that means you need to give consent to retrieve the form before you get the form electronically. Once you have consented to get the form electronically, you always get the form electronically. If you want to revoke consent and have the form mailed again, please contact our office.
To find details regarding any amount click on the Box Amount tab on the on the View 1098-T screen. Click on the amounts to get the detail.
Box 1: Payments received for qualified tuition and related expenses: Not used.
Box 2: Amounts billed for qualified tuition and related expenses: We report to the IRS the amount of qualified tuition expenses billed to your account during the calendar year 2014. A list of qualified expenses is presented in the next section.
Box 3: Change in Reporting Methods Box: Not used
Box 4: Adjustments made for a prior year: This is for adjustments to tuition for any period prior to January 1, 2014. In general, net tuition = Box 2 – Box 4
Box 5: Scholarships or grants: This box reports scholarships and grants, but not loans, posted to your account during the calendar year 2014. Scholarships and grants may be paid in cash or may be in the form of direct tuition reductions.
Box 6: Adjustments to scholarships or grants for a prior year. This is for adjustments to scholarships and grants that were granted any time prior to January 1, 2014. In general, net grants = Box 6 – Box 5
Box 7: If this box is checked, then at least some amount of tuition is for the academic period January-March 2015 (Winter Quarter 2015). It is common for a student to register, be billed, and pay tuition for Winter quarter in November or December of the previous year.
Box 8: If this box is checked, then the student has enrolled at least half time (4 units for graduates, 6 units for undergraduates) for at least one quarter during 2014.
Box 9: If this box is checked, then the student is a graduate student or in a credential program at any time during 2014.
Some of the qualified education expenses also include:
No, the 1098-T form is completed by the University.
Cal Poly Pomona is not required to furnish a 1098-T for the following reasons:
Some of the most common reasons for not receiving a 1098-T are:
We are required to report transactions by calendar year.
For most students:
Regular tuition charges for Winter 2014 are posted on the 2013 1098-T form.
Late adjustments and financial aid awarded after January 1 are posted on the 2014 1098-T form.
Students who take a Master Thesis courses, labeled 69x, in which x is not a 9, receive credit for these courses once thesis is completed. Amounts for any 69x course will be represented on the 1098-T the year the amount is charged to the student account. Master Degree Continuation classes, with the course number 699 allow the students extra time to complete the thesis. There is no college credit offered for 699 courses even though tuition must be paid for these classes. Charges for the 699 courses will not be reported on the 1098-T.
Scholarships, grants, waivers, and anything that is not required to be paid back, that are processed through the University are reported in Box 5 on the 1098-T. Loans are not reported on the 1098-T.
Please complete Part I of the IRS Form W-9S and bring it with your social security card to the University Accounting Services department in Building 98-B1-113. You will need original supporting documentation, such as your social security card.
We do not disclose or sell secure and sensitive information to third parties.
By FERPA (Family Education Rights and Privacy Act of 1974), parents have rights to their children's education records but those rights transfer to the child when the child starts college OR reaches the age of 18. We are required to obtain written consent from the student. The student must visit the Cashier's Office (Student Accounting & Cashiering Services) with proper ID (Bronco ID card, driver's license, etc. ) and complete a consent form.
You can find out more information about FERPA by clicking on this link.
Some of the tax benefits the IRS offers are:
American Opportunity Credit - A student may take a credit up to $2,500 (with up to $1,000 refundable). The student must have been enrolled at least half-time for any quarter during 2014, which can be verified if Box 8 on the 1098-T has been checked.
The list of qualified expenses has been expanded to include "course materials", or books, supplies, and equipment needed for a course study. This credit is available for students who are in their first four years of post-secondary education.
Caution: for the purposes of this credit, the 1098-T may not reflect the total qualified expenses based on information available.
Lifetime Learning Credit - A taxpayer may take up to $2,000 (20% of the first $10,000 in expenses) credit per tax return, not per student. The credit is available for all years of postsecondary education and courses to acquire or improve job skills.
For more details, check out IRS Publication 970.
It depends whether you are a nonresident alien for federal income tax purposes. Nonresident aliens are generally not eligible for educational tax benefits.
Only you and your tax consultant can determine if you are eligible for any of the above tax benefits. The University cannot advise you on your tax situation.
Absolutely not! The 1098-T is not a bill from the University.
Remember, the 1098-T is completed by the University; you do not complete the 1098-T.
You will need to complete an IRS W-9S form, which can be downloaded from this link: http://www.irs.gov/pub/irs-pdf/fw9s.pdf. You will need to bring original documentation, such as your Social Security card, as proof for your number to the Tax Specialist, located in University Accounting Services. University Accounting Services is on the first floor of the CLA Building (Bldg. 98), Room B1-113.
Please allow several business days for your 1098-T form to be corrected.
Due to security restrictions, we do not email 1098-T forms.
Most likely what you are paying for is travel expenses. Travel is not included on the 1098-T because for most tax benefits, travel is not an allowable expense. If you want a receipt for the exchange program, please contact the International Center at 909-869-3267.
The Social Security will be truncated to the last four digits on the 1098-T form, whether retrieved through BroncoDirect or mailed.
Please email us at email@example.com .
Refer to the IRS publication 970: Tax Benefits for Education. Visit the IRS website at www.irs.gov .
DISCLAIMER: The information on this page is general information only. We are not personal tax preparers and cannot give any personal tax advice. For tax preparation advice, please consult your tax advisor.
Please e-mail firstname.lastname@example.org with any comments or questions.
Updated November 14, 2014