1098 T Software : E-File / Print 1098T Forms | Prepare 1098 Tuition
IRS Form 1098 T: Tuition Statement
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Our 1098 Tuition Software prints the following 1098-T (Tuition Statement) copies:
1098-T Copy B (1098 Tuition Copy B): For Student.
1098-T Copy C (1098 Tuition Copy C): For Filer.
All these form 1098-T copies can be printed on blank paper with black ink.
Our 1098 T Software prints ON the following official IRS laser forms:
Laser Copy A of form 1098 T (1098 Tuition Laser): For Internal Revenue Service Center.
Laser 1096 form : Annual Summary and Transmittal of U.S. Information Returns.
Below is a screenshot of our 1098T Tuition Statement Software:
Other features of our 1098-T Software
Support for an unlimited number of 1098-T Filers and unlimited number of students, unlike other 1098 software applications!
Exports 1098T data to Excel worksheet.
Imports data for 1098-T (and other tax forms) from CSV files (requires W2 Mate Option #3)
Imports Data (for 1098-T and other forms) from QuickBooks, Sage Peachtree, Microsoft Dynamics
(Great Plains), Sage DacEasy and other accounting software.(requires W2 Mate Option #3)
10-98 T EFile (1098-T Electronic Filing) through IRS FIRE (requires W2 Mate Option #4)
Helps filers meet IRS 1098 Tuition reporting requirements.
Upon entry of basic 1098 T recipient information, the program automatically populates 1098-T form, with data-entry screens using form replicas.
Our 1098 T program, which can be installed on local workstations or networked servers, can be used either by colleges & universities preparing IRS 1098T forms in-house or by tax firms managing the 1098-T compliance needs of several clients.
Password protection PLUS data validation.
For a detailed description of this IRS 1098-T software and its features,
please visit our IRS 1099 Tax software page.
Quick Guide to form 1098-T Boxes (all these types of 1098-T payments are supported by our 1098 Tuition software)
Form 1098-T: Tuition Payments Statement is the IRS information tax return that colleges and universities are required to issue for the purpose of determining a student's eligibility for the Hope and Lifetime Learning education tax credits.
Box 1. Payments Received for Qualified Tuition and Related Expenses
If you use this method of reporting, use 1098T Software to enter the amount of payments received for qualified tuition and related expenses from any source during the calendar year. The amount reported is the total amount of payments received less any reimbursements or refunds made during the calendar year that relate to the payments received for qualified tuition and related expenses during the same calendar year.
Box 2. Amounts Billed for Qualified Tuition and Related Expenses
If you use this method of reporting, use 10-98 T software solution to enter the amounts billed during the calendar year for qualified tuition and related expenses. The amount reported is the total amount billed less any reductions in charges made during the calendar year that relate to the amounts billed for qualified tuition and related expenses during the same calendar year.
Box 3. Checkbox for Change of Reporting Method
Inside the 1098T Form screen check this box if you have changed your method of reporting (payments received or amounts billed).
Box 4. Adjustments Made for a Prior Year
For Payments received: enter reimbursements or refunds of qualified tuition and related expenses made during the calendar year that relate to payments received that were reported for any prior year after 2002.
For amounts billed : enter any reductions in charges made for qualified tuition and related expenses made during the calendar year that relate to amounts billed that were reported for any prior year after 2002.
Box 5. Scholarships or Grants
Enter the total amount of any scholarships or grants that you administered and processed during the calendar year for the payment of the student's costs of attendance.
Box 6. Adjustments to Scholarships or Grants for a Prior Year
On the 1098-T tax form enter the amount of any reduction to the amount of scholarships or grants that were reported for any prior year after 2002.
Box 7. Checkbox for Amounts for an Academic Period Beginning in January through March of 2017
Use 1098 Tuition Statement software to check this box if any payments received, or amounts billed, for qualified tuition and related expenses reported for 2016 relate to an academic period that begins in January through March of 2017.
Box 8. Check if at Least Half-Time Student
Check this box if the student was at least a half-time student during any academic period that began in 2016. A half-time student is a student enrolled for at least half the full-time academic workload for the course of study the student is pursuing.
Box 9. Check if a Graduate Student
Check this box if the student was a graduate student.
Box 10. Insurance Contract Reimbursements or Refunds
If you are an insurer, enter the total amount of reimbursements or refunds of qualified tuition and related expenses that you made to the student during 2016.
1098 Tuition Form Who Gets What Copy?
1098-T Copy A For Filer to file with IRS (Internal Revenue Service ).
1098-T Copy B For Student to keep for their files/records.
1098-T Copy C For Filer or State Copy.
What are Qualified and Non-Qualified expenses?
As determined by the Federal Government, qualified expenses are defined as expenses required by and paid to the institution for enrollment purposes. Examples of non-qualified expenses are charges for room, board, books, insurance, transportation/parking, and similar personal, living, or family expenses.
Ready to print and E-file 1098 IRS Tuition Statement forms? Download a free demo of our 1098 T software now , enter actual students and see for yourself how easy and powerful this software is (make 1098 T in minutes).
Where to mail form 1098 Form T (Tuition Statement)
Once you use our 1098 Tuition Software to create 1098T forms you can mail them to the address below (please double check the address with the 1098 T forms instructions for the current tax year):
Alabama, Arizona, Arkansas, Connecticut, Delaware, Florida, Georgia, Kentucky, Louisiana, Maine, Massachusetts, Mississippi, New Hampshire, New Jersey, New Mexico, New York, North Carolina, Ohio, Pennsylvania, Rhode Island, Texas, Vermont, Virginia, West Virginia:
Department of the Treasury
Internal Revenue Service Center
Austin, TX 73301
Alaska, California, Colorado, District of Columbia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Maryland, Michigan, Minnesota, Missouri, Montana, Nebraska, Nevada, North Dakota, Oklahoma, Oregon, South Carolina, South Dakota, Tennessee, Utah, Washington, Wisconsin, Wyoming:
Department of the Treasury
Internal Revenue Service Center
Kansas City, MO 64999
1098 Form T Sample
1098-T QuickBooks | 1098 T and QuickBooks
Although Intuit QuickBooks only supports 1099-MISC forms, our 1098-T software allows QuickBooks users import 1099 data and then map it into 1098-T forms with the ability to specify which box the money amount goes to. For example the user can remap QuickBooks 1099-MISC amounts stored under 1099-MISC Box 7 (Nonemployee compensation) into 1098-T Box 1 (Payments received for qualified tuition and related expenses). Once the QuickBooks data is imported as 1098-T data inside our software, the user can modify it, print it to laser 1098 T forms, print it on regular white paper or electronically file QuickBooks 1098-T with the IRS.
Dynamics GP 1098T | Great Plains Form 1098-T | Microsoft Dynamics 1098 Tuition
Many schools, colleges and universities use Microsoft Dynamics (Great Plains). These educational institutions are required to supply the IRS with the pertinent information for taxpayers that are eligible to take higher education tax benefits. Since Microsoft Dynamics does not support printing and e-filing 1098-T forms, our software can import data from Dynamics and then allow the user to print student copies on regular white paper, IRS copy A on pre-printed forms and if required generate 1098-T electronic filing submission for reporting electronically through IRS FIRE system.