All RWU students enrolled in credit bearing courses during a calendar year will receive a 1098T tax form.
The 1098T for calendar year 2017 will be mailed to the student’s address on record no later than January 31, 2018. Only qualified amounts billed with an invoice date during the calendar year January 1, 2017 thru December 31, 2017 will be included on the 2017 1098T form.
Important Changes to IRS Regulatory Reporting for 1098Ts
2017 1098Ts continue to report Amounts Billed in Box 2 of the form. Box 1 of the form remains blank. Amounts Billed are limited to Qualified Education Expenses during the calendar year. Qualified Education Expenses are tuition and certain related expenses required for enrollment. (Room and Board are not considered qualified expenses.)
In preparation for regulatory changes in 2018, we have moved the billing date of the spring 2018 semester to January 1, 2018. This will assist students and families in receiving any potential tax credit in the same year as enrollment.
Effective 2018 the IRS is mandating all universities report Tuition Paid in a calendar year in Box 1 of the 1098T form. The amount paid is capped by Qualified Education Expenses in the same calendar year (see explanation above).
Students should refer all tax-related questions to their own tax counsel. Students may find additional information from IRS Publication 970, Tax benefits for Higher Education:
Please email Rosa Greber in the Bursar's Office at firstname.lastname@example.org if you do not receive your 2017 1098T by February 8th, 2018. Please include the student's name and ID#. The 1098T can only be mailed to the student’s home address currently on record in the Registrar’s Office. We are not allowed to FAX a 1098T. Students may pick up copies of the 1098T in the Bursar’s Office.
IRS Form 8300
RWU is required by law to report receipt of more than $10,000 in cash over a course of any 12 month period to the IRS by filing an IRS Form 8300. Cash (currency), Money Orders, Cashier’s/Treasurer's checks and Traveler’s checks are considered cash payments.
Personal and corporate checks are not considered cash payments. Students will be notified by the University Bursar’s Office if a Form 8300 has been filed.