Form 1098-T’s carry with them an air of mystery that causes many to shy away from the topic. They can feel so complicated. Who gets one? Who doesn’t? What do we report? Can we send them electronically or do they need to be paper? Who advises the student on tax reporting for this form?
Like many things tax related, the 1098-T is a necessary yet often confusing part of the tuition payment business. Our new SlideShare, A Guide to Taking the Pain out of 1098-T’s, provides an overview of the most commonly asked questions and provides resources for future use. Take a look and bring some light to the mystery of 1098-T forms and how (and why) to use them.
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