Tax Relief Act (1098-T)
U.S. Tax Benefits
ÃÛÌÒapp will report to the IRS the required information about students who were billed for at least one credit hour in any semester of a tax year. ÃÛÌÒapp reports the amount of payments, which includes scholarships and grants received, equivalent to the amount of qualified tuition billed for the year and will provide to students the IRS Tax Form 1098T as required by the Taxpayer's Relief Act of 1997. The tax form should be used by your tax preparer to determine your eligibility for a tax credit. The 1098T forms are mailed to students by January 31st of the following year.
Because of each taxpayer's unique circumstances, ÃÛÌÒapp cannot provide tax advice or assistance related to tax credits or how to claim the credit. Please contact your tax advisor or the IRS for questions about the Lifetime Learning Credit or American Opportunity Credit.
Canadian Tax Benefits
Form TL11A
ÃÛÌÒapp will provide Canadian tax forms TL11A to all Canadians students upon request. Requests for this form are taken by the Financial Services Office beginning the last week of January for the previous calendar year.
The TL11A verifies the registration status of the student, and provides the total dollar amount of tuition charged during the calendar year.