{"id":1351,"date":"2018-11-30T17:05:19","date_gmt":"2018-11-30T17:05:19","guid":{"rendered":"https:\/\/www.missouriwestern.edu\/businessoffice\/?page_id=1351"},"modified":"2019-10-29T14:53:02","modified_gmt":"2019-10-29T19:53:02","slug":"your-1098t","status":"publish","type":"page","link":"https:\/\/www.missouriwestern.edu\/businessoffice\/your-1098t\/","title":{"rendered":"Your 1098T"},"content":{"rendered":"<div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-1 nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"background-color: rgba(255,255,255,0);background-position: center center;background-repeat: no-repeat;padding-top:0px;padding-right:30px;padding-bottom:0px;padding-left:30px;margin-bottom: 0px;margin-top: 0px;border-width: 0px 0px 0px 0px;border-color:#eae9e9;border-style:solid;\" ><div class=\"fusion-builder-row fusion-row\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-0 fusion_builder_column_2_3 2_3 fusion-two-third fusion-column-first\" style=\"width:65.3333%; margin-right: 4%;margin-top:0px;margin-bottom:0px;\"><div class=\"fusion-column-wrapper fusion-flex-column-wrapper-legacy\" style=\"background-position:left top;background-repeat:no-repeat;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;padding: 0px 0px 0px 0px;\"><div class=\"fusion-text fusion-text-1\" style=\"transform:translate3d(0,0,0);\"><p>Dear Student:<\/p>\n<p>In previous years, your 1098-T included a figure in Box 2 that represented the qualified tuition and related expenses (QTRE) we <em>billed<\/em> 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 <em>paid<\/em> during the year.<\/p>\n<p>Depending on your income (or your family\u2019s 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 <strong>may<\/strong> be eligible for a federal education tax credit. (You can find detailed information about claiming education tax credits in <strong>IRS Publication 970<\/strong>, page 9.)<\/p>\n<p>The dollar amounts reported on your Form 1098-T may assist you in completing IRS Form 8863 \u2013 the form used for calculating the education tax credits that a taxpayer may claim as part of your tax return.<\/p>\n<p>΄σΟσ΄«Γ½ 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.<\/p>\n<p>Below is a blank sample of the 2018 Form 1098-T, for your general reference. Actual 1098Ts, if you qualify for one, will be available to print from your Goldlink account in January 2019. Logon to Goldlink and select Financial Aid &amp; Billing\/Paying for College\/Student Bill Inquiry, Payment Options, and Print Your Official 1098T. Then follow the screen prompts. For more information about Form 1098-T, visit <strong><a href=\"https:\/\/www.irs.gov\/pub\/irs-pdf\/f1098t_19.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">https:\/\/www.irs.gov\/pub\/irs-pdf\/f1098t_19.pdf<\/a><\/strong>.<\/p>\n<\/div><div class=\"imageframe-align-center\"><span class=\" fusion-imageframe imageframe-none imageframe-1 hover-type-none\"><img width=\"920\" height=\"420\" alt=\"Blank Sample of the 2018 Form 1098-T\" title=\"Blank Sample of the 2018 Form 1098-T\" src=\"https:\/\/www.missouriwestern.edu\/businessoffice\/wp-content\/uploads\/sites\/39\/2018\/11\/sample.png\" class=\"img-responsive wp-image-1356\" srcset=\"https:\/\/www.missouriwestern.edu\/businessoffice\/wp-content\/uploads\/sites\/39\/2018\/11\/sample-200x91.png 200w, https:\/\/www.missouriwestern.edu\/businessoffice\/wp-content\/uploads\/sites\/39\/2018\/11\/sample-400x183.png 400w, https:\/\/www.missouriwestern.edu\/businessoffice\/wp-content\/uploads\/sites\/39\/2018\/11\/sample-600x274.png 600w, https:\/\/www.missouriwestern.edu\/businessoffice\/wp-content\/uploads\/sites\/39\/2018\/11\/sample-800x365.png 800w, https:\/\/www.missouriwestern.edu\/businessoffice\/wp-content\/uploads\/sites\/39\/2018\/11\/sample.png 920w\" sizes=\"(max-width: 800px) 100vw, 920px\" \/><\/span><\/div><style type=\"text\/css\"><\/style><div class=\"fusion-title title fusion-title-1 fusion-title-center fusion-title-text fusion-title-size-two\" style=\"margin-top:25px;margin-bottom:31px;\"><div class=\"title-sep-container title-sep-container-left\"><div class=\"title-sep sep-single sep-solid\" style=\"border-color:#9e9c9c;\"><\/div><\/div><h2 class=\"title-heading-center\" style=\"margin:0;\">Tax Form Details<\/h2><div class=\"title-sep-container title-sep-container-right\"><div class=\"title-sep sep-single sep-solid\" style=\"border-color:#9e9c9c;\"><\/div><\/div><\/div><div class=\"fusion-text fusion-text-2\" style=\"transform:translate3d(0,0,0);\"><p><strong>Box 1<\/strong>\u2014Total payments from any source received by an eligible educational institution in 2018 for qualified tuition and related expenses less any reimbursements or refunds made during 2018 that relate to payments received during 2018. Please note the amount in Box 1 will <strong>NOT<\/strong> equal to or sum to the charges paid for calendar year 2018 because all charges are not considered qualified tuition and related expenses as defined by the Internal Revenue Service. For example, Health Services fees are not qualified.<\/p>\n<p style=\"padding-left: 30px;\"><strong>Note:<\/strong> If you registered for and paid for Spring 2018 classes in 2017, those payments will not be included on the 2018 1098-T.\u00a0 Also, if you register and pay for Spring 2019 classes in 2018, those payments will be included on the 2018 1098-T.<\/p>\n<p><strong>Box 2<\/strong>\u2014Reserved<\/p>\n<p><strong>Box 3<\/strong>\u2014Shows whether MWSU changed its method of reporting for 2018. This box will be checked for 2018.<\/p>\n<p><strong>Box 4<\/strong>\u2014It is the amount of any adjustments made for a prior year for qualified tuition and related expenses that were reported on a prior year Form 1098-T. This amount may reduce any allowable education credit you may claim for the prior year. See Form 8863 or the IRS Pub 970 for more information. <strong>This box will be blank for 2018 as 2018 is the first year the University has reported payments.<\/strong><\/p>\n<p><strong>Box 5<\/strong>\u2014Includes the total of all scholarships or grants administered and processed by the university. Spring 2019 scholarships or grants awarded in 2018 will appear in Box 5 and Box 1.<\/p>\n<p><strong>Box 6<\/strong>\u2014The amount of any adjustments made for prior year scholarships or grants that were reported on a prior year Form 1098-T. This amount may reduce any allowable education credit you can claim for the prior year.<\/p>\n<p><strong>Box 7<\/strong>\u2014Will be checked if the amount in Box 2 includes amounts for an academic period beginning January\u2013March 2019. See the IRS Pub 970 for how to report these amounts.<\/p>\n<p><strong>Box 8<\/strong>\u2014Indicates whether you are considered to be carrying at least one-half the normal full-time workload for your course of study at MWSU.<\/p>\n<p><strong>Box 9<\/strong>\u2014Indicates whether you are considered to be enrolled in a program leading to a graduate degree, graduate-level certificate, or other recognized graduate-level educational credential.<\/p>\n<p><strong>Box 10<\/strong>\u2014Will always be blank on any 1098-T form you receive from MWSU.<\/p>\n<\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-1 fusion_builder_column_1_3 1_3 fusion-one-third fusion-column-last\" style=\"width:30.6666%;margin-top:0px;margin-bottom:0px;\"><div class=\"fusion-column-wrapper fusion-flex-column-wrapper-legacy\" style=\"background-position:left top;background-repeat:no-repeat;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;background-color:#eaeaea;padding: 15px 15px 10px 15px;\"><style type=\"text\/css\"><\/style><div class=\"fusion-title title fusion-title-2 fusion-sep-none fusion-title-center fusion-title-text fusion-title-size-three\" style=\"margin-top:0px;margin-bottom:31px;\"><h3 class=\"title-heading-center\" style=\"margin:0;\">Contact Us<\/h3><\/div><div class=\"fusion-text fusion-text-3\" style=\"transform:translate3d(0,0,0);\"><p>If you have additional questions contact the MWSU Business Office.<\/p>\n<p style=\"text-align: center;\"><strong>Business Hours:<\/strong><br \/>\n8 a.m. &#8211; 4:30 p.m. Monday &#8211; Friday<\/p>\n<p style=\"text-align: center;\"><strong>E-mail:<br \/>\n<a href=\"mailto:businessoffice@missouriwestern.edu\">businessoffice@missouriwestern.edu<\/a><\/strong><\/p>\n<p style=\"text-align: center;\"><strong>Phone:<\/strong><br \/>\n(816) 271-5989<\/p>\n<\/div><div class=\"fusion-sep-clear\"><\/div><div class=\"fusion-separator fusion-full-width-sep\" style=\"margin-left: auto;margin-right: auto;margin-top:5px;margin-bottom:25px;width:100%;\"><div class=\"fusion-separator-border sep-single sep-solid\" style=\"border-color:#605e5d;border-top-width:1px;\"><\/div><\/div><div class=\"fusion-sep-clear\"><\/div><style type=\"text\/css\"><\/style><div class=\"fusion-title title fusion-title-3 fusion-sep-none fusion-title-center fusion-title-text fusion-title-size-three\" style=\"margin-top:0px;margin-bottom:31px;\"><h3 class=\"title-heading-center\" style=\"margin:0;\">Frequently Asked Questions<\/h3><\/div><style type=\"text\/css\">#accordion-1351-1 .fusion-panel:hover, #accordion-1351-1 .fusion-panel.hover{ background-color: #f9f9f9 } #accordion-1351-1 .fusion-panel { border-color:#cccccc; border-width:1px; background-color:#ffffff; }.fusion-accordian  #accordion-1351-1 .panel-title a .fa-fusion-box{ color: #ffffff;}.fusion-accordian  #accordion-1351-1 .panel-title a .fa-fusion-box:before{ font-size: 13px; width: 13px;}.fusion-accordian  #accordion-1351-1 .panel-title a{font-size:18px;}.fusion-accordian  #accordion-1351-1 .fa-fusion-box { background-color: #333333;border-color: #333333;}.fusion-accordian  #accordion-1351-1 .panel-title a:hover, #accordion-1351-1 .fusion-toggle-boxed-mode:hover .panel-title a { color: #3a3a3a;}.fusion-accordian  #accordion-1351-1 .panel-title .active .fa-fusion-box,.fusion-accordian  #accordion-1351-1 .panel-title a:hover .fa-fusion-box { background-color: #3a3a3a!important;border-color: #3a3a3a!important;}<\/style><div class=\"accordian fusion-accordian\"><div class=\"panel-group\" id=\"accordion-1351-1\" role=\"tablist\"><div class=\"fusion-panel panel-default fusion-toggle-no-divider fusion-toggle-boxed-mode\" role=\"tabpanel\"><div class=\"panel-heading\"><h4 class=\"panel-title toggle\"><a aria-expanded=\"false\" aria-selected=\"false\" aria-controls=\"54108e5e18607fa22\" role=\"tab\" data-toggle=\"collapse\" data-parent=\"#accordion-1351-1\" data-target=\"#54108e5e18607fa22\" href=\"#54108e5e18607fa22\"><span class=\"fusion-toggle-icon-wrapper\" aria-hidden=\"true\"><i class=\"fa-fusion-box\" aria-hidden=\"true\"><\/i><\/span><span class=\"fusion-toggle-heading\">How do I receive a copy of Form 1098-T?<\/span><\/a><\/h4><\/div><div id=\"54108e5e18607fa22\" class=\"panel-collapse collapse \"><div class=\"panel-body toggle-content fusion-clearfix\">\n<p>The IRS requires Form 1098-T to be postmarked by January 31 of the following calendar year. This form is available to print in your Goldlink account under Financial Aid &amp; Billing\\Paying for College\\ Student Bill inquiry, Payment Options, and Print your Official 1098T.<\/p>\n<p>You may opt to have this form sent to you by filling out and submitting a <strong><a href=\"https:\/\/intranet.missouriwestern.edu\/businessoffice\/wp-content\/uploads\/sites\/6\/2017\/11\/1098T-TUITION-STATEMENT-PAPER-REQUEST-FORM.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Request for Paper 1098T<\/a><\/strong> at for a student who was enrolled at MWSU for at least half time during the calendar year. Address changes can be made on your Goldlink account.<\/p>\n<\/div><\/div><\/div><div class=\"fusion-panel panel-default fusion-toggle-no-divider fusion-toggle-boxed-mode\" role=\"tabpanel\"><div class=\"panel-heading\"><h4 class=\"panel-title toggle\"><a aria-expanded=\"false\" aria-selected=\"false\" aria-controls=\"081a9b18f25a5342a\" role=\"tab\" data-toggle=\"collapse\" data-parent=\"#accordion-1351-1\" data-target=\"#081a9b18f25a5342a\" href=\"#081a9b18f25a5342a\"><span class=\"fusion-toggle-icon-wrapper\" aria-hidden=\"true\"><i class=\"fa-fusion-box\" aria-hidden=\"true\"><\/i><\/span><span class=\"fusion-toggle-heading\">Where can I get a listing of payments made to MWSU?<\/span><\/a><\/h4><\/div><div id=\"081a9b18f25a5342a\" class=\"panel-collapse collapse \"><div class=\"panel-body toggle-content fusion-clearfix\">\n<p>View your qualified fees assessed and payments applied to those fees on your student account in Goldlink. If you are not able to get this information on Goldlink, please contact the Business Office for assistance.<\/p>\n<\/div><\/div><\/div><div class=\"fusion-panel panel-default fusion-toggle-no-divider fusion-toggle-boxed-mode\" role=\"tabpanel\"><div class=\"panel-heading\"><h4 class=\"panel-title toggle\"><a aria-expanded=\"false\" aria-selected=\"false\" aria-controls=\"11d89ace86442c397\" role=\"tab\" data-toggle=\"collapse\" data-parent=\"#accordion-1351-1\" data-target=\"#11d89ace86442c397\" href=\"#11d89ace86442c397\"><span class=\"fusion-toggle-icon-wrapper\" aria-hidden=\"true\"><i class=\"fa-fusion-box\" aria-hidden=\"true\"><\/i><\/span><span class=\"fusion-toggle-heading\">Since I received a Form 1098-T from MWSU, am I qualified for one of the education tax credits?<\/span><\/a><\/h4><\/div><div id=\"11d89ace86442c397\" class=\"panel-collapse collapse \"><div class=\"panel-body toggle-content fusion-clearfix\">\n<p>The taxpayer is responsible for determining eligibility. Check the IRS website, contact the IRS, or contact a tax advisor.<\/p>\n<\/div><\/div><\/div><div class=\"fusion-panel panel-default fusion-toggle-no-divider fusion-toggle-boxed-mode\" role=\"tabpanel\"><div class=\"panel-heading\"><h4 class=\"panel-title toggle\"><a aria-expanded=\"false\" aria-selected=\"false\" aria-controls=\"2154e5b6811bdd4b2\" role=\"tab\" data-toggle=\"collapse\" data-parent=\"#accordion-1351-1\" data-target=\"#2154e5b6811bdd4b2\" href=\"#2154e5b6811bdd4b2\"><span class=\"fusion-toggle-icon-wrapper\" aria-hidden=\"true\"><i class=\"fa-fusion-box\" aria-hidden=\"true\"><\/i><\/span><span class=\"fusion-toggle-heading\">Why is there an amount in Box 1 and Box 2 is blank for 2018?<\/span><\/a><\/h4><\/div><div id=\"2154e5b6811bdd4b2\" class=\"panel-collapse collapse \"><div class=\"panel-body toggle-content fusion-clearfix\">\n<p>Due to a change to institutional reporting requirements under federal law, beginning with tax year 2018, the University will report in Box 1 the amount of payments received for qualified tuition and related expenses <strong>paid <\/strong>during the calendar (tax year) 2018.<\/p>\n<\/div><\/div><\/div><\/div><\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><\/div><\/div>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":3,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":[],"categories":[],"tags":[],"_links":{"self":[{"href":"https:\/\/www.missouriwestern.edu\/businessoffice\/wp-json\/wp\/v2\/pages\/1351"}],"collection":[{"href":"https:\/\/www.missouriwestern.edu\/businessoffice\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.missouriwestern.edu\/businessoffice\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.missouriwestern.edu\/businessoffice\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.missouriwestern.edu\/businessoffice\/wp-json\/wp\/v2\/comments?post=1351"}],"version-history":[{"count":9,"href":"https:\/\/www.missouriwestern.edu\/businessoffice\/wp-json\/wp\/v2\/pages\/1351\/revisions"}],"predecessor-version":[{"id":1431,"href":"https:\/\/www.missouriwestern.edu\/businessoffice\/wp-json\/wp\/v2\/pages\/1351\/revisions\/1431"}],"wp:attachment":[{"href":"https:\/\/www.missouriwestern.edu\/businessoffice\/wp-json\/wp\/v2\/media?parent=1351"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.missouriwestern.edu\/businessoffice\/wp-json\/wp\/v2\/categories?post=1351"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.missouriwestern.edu\/businessoffice\/wp-json\/wp\/v2\/tags?post=1351"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}