1098-T General Information
Form 1098-T is an IRS (Internal Revenue Service) form provided to students who enroll in classes at The University of Denver. The Taxpayer Relief Act of 1997 (TRA97) established education tax credits for taxpayers. For detailed information regarding these credits please consult IRS Publication 970 Tax Benefits for Education. The publication can be accessed at www.irs.gov. Form 1098-T supplies a portion of the information needed by taxpayers to claim the tax credits. By Federal law, this form needs to be mailed to the student by January 31 of each year. In addition, students are able to access the form online and print additional copies as necessary.
The University is required to collect your correct social security number (SSN) to file 1098-T information with the IRS. Annual reviews will be done by the University to check for student SSNs. If a student does not have an SSN on file, the University will ask the student to complete and return a form W-9S Request for Student's or Borrower's Social Security Number and Certification. W-9S forms can be found on the IRS website, www.irs.gov/pub/irs-pdf/fw9s.pdf.
Completed forms should be delivered to the Bursar's Office. Forms can be delivered in person, mailed via USPS or faxed to 303-871-4401.
Please note that not all of the boxes on the form 1098-T will contain numbers. Federal law requires The University of Denver to report either the amounts paid by students Box 1, or the amounts billed to students Box 2. The University of Denver has elected to report the amounts billed to students Box 2. We report the amounts billed on a calendar year basis. This means that tuition charges billed in December for the following Winter term will be reported in the calendar year they are billed, not the calendar year the classes are actually taken. The University of Denver will also report the amount of financial aid received that the student does not need to repay. This means that loans are not included in the reported financial aid amount. Financial aid will be reported on the 1098-T for the calendar year it is disbursed, not the year it is awarded.
The IRS has instructed universities to reduce the amount of billed charges by any tuition waiver proceeds. If you received any type of tuition waiver during the calendar year, you will see a reduction in the amount of charges reported in Box 2.
The information on the 1098-T in no way represents tax advice from the University. It is the responsibility of the taxpayer to determine eligibility for the credit. Please do not contact The University of Denver regarding your eligibility for educational tax credits.
Students who have elected electronic delivery will be emailed their form. Unless a student has consented to electronic delivery, the form 1098-T is mailed to the address The University of Denver had on file for the student on January 1, 2014. If the student has moved without correcting the mailing address with The University of Denver, s/he may not receive the form. Address information can be corrected through PioneerWeb.