1098-T Payment Statements Frequently Asked Questions
What is the 1098-T Tuition Payment Statement?
Eligible educational institutions, such as Valencia College, are required to file with the Internal Revenue Service (IRS) and furnish a Form 1098-T to students to assist them in determining eligibility for the American Opportunity Credit or Lifetime Learning Credit.
When and where will the Form 1098- be provided? Can I “GO GREEN!” and consent to access my Form 1098-T online?
Students at Valencia College can receive their 1098-T tuition statement form electronically by logging into your ATLAS account, and clicking on Students Tab. Under Business Office click on IRS Form 1098-T (Electronic Delivery). 1098-T Tuition Statement form will be available by end of January of each year.
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.
- Students can receive their Form 1098-T even while traveling or on assignment away from their home address.
I took classes in 2018, why didn’t I receive a 2018 form 1098-T?
- Is there an address on file with Valencia College?
- Did you make payments for qualified tuition and related expenses between January 1-December 31, 2018?
- Were you billed charges for qualified tuition and related expenses between January 1-December 31, 2018?
Important Note: Registration charges are billed on the date that you register. If you registered for spring 2018 classes in December 2017, those charges were billed in December 2017, and may have appeared on the 2017 form 1098-T in Box 2, but will not appear on the 2018 form 1098-T.
- Please see “Special Exceptions” below.
After checking all of the above, if you still believe you had reportable transactions in 2018 and are due a 2018 form 1098-T, please email BusinessOffice@Valenciacollege.edu or call 407-528-1200.
Special Exceptions: I am an international student and did not receive Form 1098-T
If you are a non-resident alien student and do not have U.S. source income (U.S. scholarships, awards, waivers etc.) that is subject to tax, Valencia College is exempt from issuing a Form 1098-T to you, unless requested. Requests can be made by sending an email to BusinessOffice@Valenciacollege.edu.
Special Exceptions: I updated my address, SSN or ITIN after January 29, how do I get my 1098-T?
If you are eligible for a 2018 form 1098-T, after updating your address email BusinessOffice@Valenciacollege.edu and request to update your electronic delivery of your 1098-T. You must update your information by the end of February.
What amount is in each box?
Please review the Form 1098-T and Instructions for Form 1098-T on the IRS website.
How do I get a 1098-T from prior years?
Electronic delivery of your 1098-T has been available since 2012.If you need a 1098-T for tax year prior to year 2012, please send an e-mail to BusinessOffice@Valenciacollege.edu to request a copy.
Forms for tax year 2017 and older will be created based on the old reporting method (amounts billed for qualified tuition and related expenses). Forms for tax year 2018 onward will be created based on the new reporting method (payments received for qualified tuition and related expenses).
I have an Alternate Social Security number, how do I get a 1098-T?
Due to IRS regulations, you must furnish the school a Tax Identification Number (TIN) for 1098-T purposes. The most common Tax Identification Number is the social security number or the individual tax identification number (ITIN). See “How do I update my address or taxpayer identification number section” for more information.
After updating your TIN, please send an e-mail to BusinessOffice@Valenciacollege.edu and request to update your electronic delivery of your 1098-T.
Where do I find electronic copies of my 1098-T forms?
Go to Atlas 'Students' tab under 'Student Resources' expand the Business Office link and click on IRS Form 1098-T (Electronic Delivery).
In order to receive Form 1098-T in an electronic format, recipient must have access to the internet and have a current/active ATLAS account. To print the statement, recipient must have access to a printer. If you don't have access to a printer, you can visit the Atlas Lab at any campus to log in to the ATLAS and print your statement.
How do I update my address or taxpayer identification number (such as SSN or ITIN)?
It is imperative that you provide this information as soon as possible to avoid IRS penalties when filing late or for providing an incorrect social security number information (Section 6109 of the Internal Revenue Code).
In order to have your record updated, please provide a copy of your social security card or an application for a replacement card and the Request for Student's Taxpayer Identification Number form ( click here). You can either bring the documents in person to an Answer Center or you can mail them to the address shown below. DO NOT email the form as it is not a secure way to transmit personal information. If you have any questions or concerns, please contact 407-582-1507 or e-mail us email@example.com.
Completed forms may be submitted to any campus Business Office or mailed to:
P.O. Box 3028
Orlando, FL 32802-3028
How do I see what I was charged and how much I paid?
All activities such as Detail of Payments Received, Detail of Amount Billed, Detail of Scholarships or Grants are listed under the electronic Tax Notification page.
How can I get more information about the 1098-T?
- IRS 1098-T Form and Instructions
- IRS Tax Benefits for Education
- IRS Publication 970, Tax Benefits for Education
How do I resolve an issue with the 1098-T form that was provided to me or one that should have been provided to me?
- Email BusinessOffice@Valenciacollege.edu
- Call 407-582-1200
Change of Reporting Method for Tax Year 2018 - Box 1 Reporting Required for 2018 Tax Year
In previous years, your 1098-T included a figure in Box 2 that represented the qualified tuition and related expenses (QTRE) we billed to your student account for the calendar (tax) year. Due to a change to institutional reporting requirements under federal law, beginning with tax year 2018, we will report in Box 1 the amount of QTRE you paid during the year.
Depending on your income (or your family's income, if you are a dependent), whether you were considered full or half-time enrolled, and the amount of your qualified educational expenses for the year, you may be eligible for a federal education tax credit. (You can find detailed information about claiming education tax credits in IRS Publication 970, page 9.)
The dollar amounts reported on your Form 1098-T may assist you in completing IRS Form 8863 -- the form used for calculating the education tax credits that a taxpayer may claim as part of your tax return.
Valencia College is unable to provide you with individual tax advice, but should you have questions, you should seek the counsel of an informed tax preparer or adviser.
Below is a blank sample of the 2018 Form 1098-T, that you will receive in January 2019, for your general reference. More information about Form 1098-T.
Impact of Reporting Change
The impact of this change for the tax year ending December 31, 2018, is that the amount reported in Box 1 does not include your Spring 2018 payments if they were paid in December, 2017. That amount is reported in Box 2 on the 1098-T for the tax year ended December 31, 2017, because fees for the Spring 2018 term were billed in that year. Since the same payments cannot be recorded twice simply because of a change in reporting method, Box 1 may not reflect the total amount paid by you for QTREs during the calendar year. Beginning with the tax year ending December 31, 2019, the amount in Box 1 should correlate with the amount you paid for QTREs.
Claiming Education Credits on Your Individual Tax Return
You should use the information on the Form 1098-T in conjunction with your own payment records to complete your individual tax return. If you have questions about how to compute an education tax credit, consult your tax professional or refer to IRS Publication 970.