IRS Form 1098-T Information

Please note that as of the calendar year 2018, the IRS requires Gordon College to report in Box 1, “Payments received for qualified tuition and related expenses”.

What is a Form 1098-T?
The Form 1098-T is an annual IRS form completed by Gordon, as required by the Taxpayer Relief Act of 1997, for each enrolled student who has incurred qualifying tuition and related expense charges during the calendar year. The form is furnished to students to assist them in the preparation of their annual income tax returns. The IRS Form 1098-T Tuition Statement is to assist the taxpayer in determining eligibility for an educational tax credit and/or deduction.

Gordon fully complies with Section 6050S of the Internal Revenue Code, which requires colleges and universities to file information returns (data in boxes 1-10) electronically with the IRS. To see the latest IRS information on the Form 1098-T, please visit the IRS website at: irs.gov/form1098t. for more information regarding educational tax benefits, please consult a tax professional or review IRS publication 970, available online at: irs.gov/pub970.

When are 1098-T documents available? 
IRS regulations require colleges and universities to make the 1098-T available by January 31st of each year.

How can I access a copy of my 1098-T?
Students may login to My.Gordon.edu, click on the “Finances” tab, and scroll down to “My Printable 1098-T Form”. Please note that the 1098-T will only be available through this site once they are posted by Student Financial Services (by January 31st).

Previous year information may be found under the “Go to My 1098-T info” link. If you need assistance, please email [email protected].

Who is eligible to receive a Form 1098-T?
Students who are U.S. citizens or permanent residents and have made payments toward qualified tuition or related expenses during the calendar year will receive a Form 1098-T.

Note: Gordon must have a valid U.S. tax identification number on record in order to submit a valid 1098-T to the IRS. Students with an assigned 9-digit University I.D. must complete a W-9S form and either mail or hand-deliver the completed W-9S to Student Financial Services. The IRS will not be able to validate your eligibility for the tax credit without a valid tax identification number.

Colleges and universities are not required to provide a 1098-T to the following students unless the student requests a copy: students who take courses for which no academic credit is offered; students who are nonresident aliens (not US citizens or permanent residents); students whose qualified tuition and related expenses are waived or paid entirely with scholarships; or students who participated in an international study or education abroad program (depending on the type of program in which you participated, a 1098-T may have been issued to you by the program you studied at, not by Gordon).

The Tax Identification Number (TIN) on my form is missing or incorrect. How do I change that?
A Tax Identification Number (TIN) can either be a Social Security Number or an Individual Taxpayer Identification Number. The student’s information that is presented on the 1098-T form is the information that the student has provided to the University. If the TIN is missing, or it has not been provided by the student, then Gordon assigns a random identification number. To update your tax identification number, you need to complete a W-9S form and return it to the Student Financial Services Office:

W-9S Online Form
W-9S Printed Form

Please note: failure to provide a correct TIN could result in a $100 penalty imposed by the IRS.

What are qualified education expenses? 

• Tuition
• Student Services & Technology Fee
• Course Specific/Lab Fees
• Books and supplies that are required for course instruction
  Since Gordon cannot track any amounts paid for books and supplies, no amounts will be reported on the 1098-T form - please keep your receipts

What are education expenses that do NOT qualify?

• Room and Board
• Insurance
• Health Center Charges
• Travel
• Research
• Late Fees
• Fines (traffic, parking, housing, etc.)

Are scholarships reported on the 1098-T Form?
All scholarships that students receive from Gordon College are reported on the 1098-T. Private scholarships from outside organizations will be reflected on the 1098-T ONLY if the funds were received by Gordon and reflected as a scholarship payment on the student’s Gordon account.

DISCLAIMER:
The information provided is not a substitute for professional/government tax counseling or for reading Internal Revenue Service publications. Gordon is unable to provide tax advice to individuals. If you wish to claim a tax credit for educational benefits, be sure to include the 1098-T form with your tax return. In addition to the 1098-T, your personal financial records may serve as official supporting documentation for your federal income tax return. Due to FERPA (Family Educational Rights and Privacy Act) laws, we can only answer specific questions about an account/1098-T for the account holder (student) or those they have given written authorization for us to speak to. We are not personal tax preparers and cannot give any personal tax advice. For tax preparation advice, please consult a tax advisor.