What is a 1098-T?
The 1098-T is an IRS form entitled “Tuition Statement” that assists the student in determining if he/she qualifies for certain education related tax credits under the Taxpayer Relief Act of 1997(TRA97). The IRS requires eligible educational institutions who receive payment for qualified tuition and related expenses during the calendar year to provide this statement to the students and to the IRS.
The 1098-T tax form is mailed by January 31st of each year. It can also be found online through SAIL once the forms have been produced and mailed.
The 1098-T's are mailed to the student's permanent address. If a permanent address is not available the form will be sent to the student's billing or local address, respectively. Students are responsible for making sure that all contact information is current. Most information can be updated on SAIL. Any change of address for the 1098-T must be completed prior to January 1st to guarantee that the 1098-T will be sent to the correct address. The Business Office begins the process of creating 1098-T’s early in the month of January.
Do I have to provide my Social Security Number for the 1098-T?
Federal law requires that you provide your correct Social Security Number or Tax Identification Number so that the University can include it in the information, which will be filed with the IRS. You may be subject to an IRS fine of $50 for failure to provide the requested information and the IRS will not be able to use the Form 1098-T filed by Texas A&M University – Corpus Christi to confirm your eligibility for certain education tax benefits without your SSN or TIN.
How do I provide my Social Security Number?
If you do not have a Social Security Number (SSN) or Tax Identification Number (TIN) listed on your account you can complete a W-9s and submit it to the Business Office. If the SSN or TIN we have on file is incorrect you will need to complete the Authorization for Change form and provide the required documentation to the Registrar’s Office in order to have the existing information updated.
TAMUCC cannot determine if a student qualifies for a tax credit and is not allowed to give tax advice. Please read the instructions on the 1098-T statement and obtain IRS publication 970 and Form 8863 or contact a tax professional about your personal income tax situation. The above form and publication can be found on the IRS website at www.irs.gov/formspubs/index.html. The IRS can be reached at 1-800-829-1040.
To discuss how the amounts on the 1098-T form were calculated contact the Business Office at 361-825-2600 Option #4. The Business Office can give the student information on what the numbers consist of but they cannot tell a student how to use the information when filing their taxes.
On the 1098-T form, TAMUCC reports the student’s name, SSN, and address and indicates if the student was a graduate student or at least half-time during the calendar year. The University reports the amount billed for qualified tuition and related expenses and not the actual amount that the student paid to the University during the calendar year. Since TAMUCC does not identify payments on the student account with specific charges, it is impossible to determine which payment is made towards the qualified expenses and which is made towards the unqualified expenses. Therefore, the University has elected to report amounts billed in Box 2 instead of payment received in Box 1. Students should use their personal records and University receipts to determine the actual amount paid towards the charges reported on the 1098-T statement. A student can pull a report of payments made during a specific time frame. See How do I pull a report of payments from SAIL? for more specific instructions.
Who at TAMUCC can help me complete my taxes?
TAMUCC cannot help students or parents fill out their tax form for liability reasons. TAMUCC staff is not trained in tax law. Students/Parents must contact a tax consultant to ask questions and/or to get assistance with filing their taxes.
Where in SAIL is my 1098-T located?
How can I sign up to receive my 1098-T electronically?