Paymybill - What is the purpose of IRS Form 1098-T?

The purpose of IRS Form 1098-T is to assist you in determining if you are eligible for one or more education tax credit(s)

The 1098-T form is used by eligible educational institutions to report information about their students to the IRS as required by the Taxpayer Relief Act of 1997. Eligible educational institutions are required to submit the student's name, address, taxpayer's identification number (TIN), enrollment status, payments pertaining to qualified tuition and related expenses, and scholarships and/or grants, taxable or not.

Keywords:tax, education, taxpayer, relief, act, qualified, tuition, scholarships, grants, credit   Doc ID:91080
Owner:Kathy K.Group:University of Illinois System
Created:2019-04-16 10:12 CSTUpdated:2019-07-25 14:55 CST
Sites:University of Illinois System
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