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. The 1098-T form may assist you in determining eligibility for tax credits or deductions. More information regarding these credits and deductions is available at the IRS website or by calling 1-800-TAX-FORM. IRS Publication 970, Tax Benefits for Education and IRS Form 8863, Education Credits are particularly helpful.
1098-T forms will be sent by January 31, 2015 for use in filing 2014 taxes. You may also view and print your 1098-T form online through PioneerWeb after it has been sent.
The University of Denver cannot provide tax advice. Please refer to relevant IRS forms and publications or consult a tax advisor, not the University of Denver, for explanations regarding eligibility for and calculations of any allowable tax credits or deductions.
The information that universities are required to provide on Form 1098-T does not necessarily correspond to the information you may need to calculate any education tax credits or deductions for which you may be eligible. Universities are required to report either amounts billed for qualified tuition and related expenses in calendar year 2014 (Box 2) or payments received for qualified tuition and related expenses in the calendar year (Box 1). Like most universities, the University of Denver reports amounts billed in Box 2, rather than payments received in Box 1. The University will not fulfill any requests for forms to be printed with amounts in Box 1.
The calculation for claiming education tax credits or deductions is based upon amounts paid for qualified tuition and related expenses during calendar year 2014 – not amounts billed by the university. Therefore, the amount reported in Box 2 as billed during 2014 may not be the basis for calculating tax credits for 2014.
The IRS requires universities to report on a calendar year, rather than academic year. Therefore, the amount reported in Box 2 includes any amounts billed in calendar year 2014 for Winter Quarter 2015. The amount reported in Box 5 also includes any scholarships and grants credited in calendar year 2014 for Winter Quarter 2015.
The IRS requires 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.
Social Security Numbers
The University is required to collect your correct social security number (SSN) to file 1098-T information with the IRS. Periodic reviews will be done by the University to check for students without SSNs on file. Those students will be sent requests to submit SSN information online through PioneerWeb or to submit a completed IRS Form W-9S, Request for Student's or Borrower's Taxpayer Identification Number and Certification.
To update your SSN with the University, log into PioneerWeb, go to the Student tab, and click on Update Social Security/Taxpayer ID Number under Student Information.
Alternatively, you can complete and submit Form W-9S, which can be found on the IRS website, http://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.
1098-T Form Delivery
1098-T forms will be sent by January 31, 2015 for use in filing 2014 taxes.
In order to expedite the process and get the information to you as quickly as possible, we are asking for your consent to send your 1098-T form electronically. If you would like to receive your 1098-T form electronically (instead of a paper copy), log into PioneerWeb, go to the Student tab, and click on ecoBill Account Management under My Statement.
The benefits of receiving electronic 1098-T forms are:
- Electronic delivery provides access to the 1098-T form earlier than the traditional mailing process. You may be able to file your tax return earlier!
- Electronic delivery eliminates the chance that the 1098-T will get lost, misdirected, or delayed during delivery, or misplaced after being received.
- Signing up for electronic delivery is easy and secure.
- You can receive your 1098-T form even while traveling or on assignment away from home.
If you prefer to have a paper copy of your 1098-T form mailed to you, no action is necessary. The form will be mailed to the address the University had on file for you as of January 1, 2015. If you do not receive your 1098-T form for 2014, or if your address has changed, you may view and print your 1098-T form online through PioneerWeb after it has been sent. You may also update your address through PioneerWeb.
View Your 1098-T Form Online
To view your 1098-T form and more detailed information online:
- Log into PioneerWeb
- Select the myWeb tab
- Select Student
- Select Student Account
- Select Tax Notification
- Enter the tax year to view and click Submit
The 1098-T form for the selected tax year will display. Detailed information can be viewed by scrolling down the page or clicking the amounts in the 1098-T form. You may print the form from your web browser to assist you in your tax preparation.