1098-T Tax Reporting Information for Duke University Students
Forms 1098-T are distributed by January 31 to students who meet the IRS’ reporting requirements. Forms are mailed to the student’s permanent address of record. Currently enrolled students can access 1098-T information and transaction details on ACES. The form 1098-T does not include information on payments made; please consult banking records, old bills or student account history on ACES for payment information.
What is Form 1098-T?
The IRS requires Duke to report, both to the student and the IRS, certain summary financial information for students who meet IRS reporting criteria. This information is provided to assist students in determining their eligibility for certain educational tax credits.
This includes:
- Tuition & qualified fees posted to student accounts in 2011
- Duke administered grants & scholarships posted to student accounts in 2011
The IRS requires Duke to report either:
- Payments received for qualified tuition and fees, or
- Transactions billed for qualified tuition and fees and university administered grants and scholarships
As Duke reports transactions billed for qualified tuition and fees Duke administered grants and scholarships, no information regarding payments made is included on the 1098-T or reported to the IRS. Students should consult banking records, old bills or their student account history on ACES for payment information.
Receipt of a Form 1098-T does not establish eligibility for certain educational tax credits. Similarly, students who do not receive a 1098-T because they do not meet the IRS’ reporting criteria should not automatically assume they are ineligible for these tax credits. Students should consult a tax advisor to determine eligibility.
What are the IRS’ reporting criteria?
The IRS requires Duke to provide 1098-T data for any student billed for qualified tuition and fees or Duke administered grants & scholarships during 2011. The following exceptions apply:
- Students who are not U.S. citizens or who do not have permanent resident alien status
- Students who receive Duke administered grants and scholarships in excess of qualified tuition and fees billed during 2011
Why is Box 1 left blank?
As Duke reports transactions billed for qualified tuition and fees Duke administered grants and scholarships, no information regarding payments made is included on the 1098-T or reported to the IRS. Students should consult banking records, old bills or their student account history on ACES for payment information.
I graduated in spring 2011 but did not receive a Form 1098-T. Why?
Duke reports transactions billed during 2011 for qualified tuition and fees and for Duke-administered grants and scholarships. For most students, spring 2011 qualified tuition and fees were posted in November 2010 and included on the Form 1098-T for year 2010.
What resources are available to me to determine my eligibility for certain tax credits?
There are many details surrounding benefits of The Taxpayer Relief Act (TRA97) of 1997. Please contact a tax professional to determine if you qualify for these benefits. Duke University cannot provide tax advice.
Contact the IRS' office of Public Liaison at 1-800-829-1040 or visit one of the following websites to learn more about these tax benefits.