Full-Reporting on 1098-T Forms Required by Institutions Beginning With the 2003 Tax Year
 
    Volume 67, Number 244 of the Federal Register dated December 19, 2002, contained final regulations requiring schools to report necessary information on qualified tuition and related expenses to the Internal Revenue Service (IRS) and enrolled students.

    In the past, schools have not been required to complete all fields of IRS Form 1098-T Tuition Statement.  Beginning with the 2003 tax year, all items of that form must be completed by schools and reported to the IRS as well as a statement provided to students.  For detailed information please access the Federal Register at http://www.irs.gov/pub/irs-regs/td9029.pdf.

    Any questions related to this Bulletin should be directed to the UHEAA Policy and Training Department at 801.321.7166, or by e-mail at mjohnson@utahsbr.edu.