IRS Form 1098-T
IRS Regulatory Reporting for Calendar Years 2018 Forward
Per Federal regulations, Roger Williams University is annually obligated to provide all students enrolled in a credit bearing program with an IRS Form 1098-T. In years prior to 2018, your 1098-T included a figure in Box 2 (below) that represented the qualified tuition and related expenses (QTRE) billed 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 report in Box 1 the amount of QTRE you paid during the year. Box 2 is no longer be populated.
- QTRE includes tuition and certain related expenses required for enrollment. (Room and board are not considered qualified expenses.)
- The amount paid in Box 1 is capped by QTRE billed in the same calendar year and any unpaid QTRE from prior tax years (2018 forward).
Depending on your income (or your family’s 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 may be eligible for a federal education tax credit. (You can find detailed information about claiming education tax credits in IRS Publication 970, page 9.)
The dollar amounts reported on your Form 1098-T may assist you in completing IRS Form 8863 – the form used for calculating the education tax credits that a taxpayer may claim as part of your tax return.
Roger Williams University 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.
Below is a blank sample of the 2019 Form 1098-T that you will receive in January 2020. For more information about Form 1098-T, visit www.irs.gov/pub/irs-pdf/f1098t.pdf.
The 1098-T for calendar year 2019 will be mailed to the student's address on record no later than January 31, 2020. If you do not receive your 2019 1098-T, please email Rosa Greber in the Bursar's Office at email@example.com and include the student's name and ID#. The 1098-T can only be mailed to the student’s address on record. We do not FAX 1098-Ts. Students may pick up copies 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.