IRS Form 1098T
NEW – 1098-T forms for 2013 will be available online in early January!
- Students will be notified by email to their bu.edu account when online viewing of the 2013 1098-T forms is available.
- Boston University has contracted with Vangent, Inc., to provide both the electronic and paper 1098-T forms. If you do not retrieve your 1098-T electronically, one will be mailed to you.
- Paper 1098-T forms will not be mailed until near January 31st and may not reach you until sometime after that date.
- You do not need to wait to view your 1098-T online if you follow the instructions below to consent to receiving the 1098-T electronically in lieu of a mailed form.
- Please note that you can login to the Vangent website and view your 1098-T after January 31st, even if you receive a paper copy.
- To retrieve your 1098-T electronically:
- Launch a web browser and go to tra.vangent.com (note: Internet Explorer 9 users may need to use “Compatibility View”)
- Students new to the Vangent website:
- Click the “First Time Students” Button
- Enter your full First and Last names and the last 5 digits of your Social Security Number.
- Click Submit.
- If records are present for you, you will be instructed to create an account. Follow the instructions on the website to create a free account and retrieve your 1098-T. If records are not found for you or if you have difficulty creating an account, use the “Help” link in the left menu.
- Students who have already created an account on the Vangent website should login with their User ID and Password. If you have forgotten your User ID or Password please click on the “Forgot your Password” or “Forgot your User ID” link to retrieve or reset the information.
- Remember, by acknowledging that you are receiving the 1098-T electronically, a hard copy form will NOT be mailed to you. However, you can go to the website as often as needed to retrieve a copy.
- What is the the 1098-T form?
- Who will receive the IRS Form 1098-T?
- When will IRS Form 1098-T be mailed and what address will it be mailed to?
- Who will mail the IRS Form 1098-T and answer students’ questions?
- Will Vangent answer tax-related questions?
- How can a student get a duplicate 1098-T?
- Who will send the various tax-related forms to Boston University students?
- How does a student obtain a corrected 1098-T?
***Boston University staff cannot give tax advice or assist you in calculating individual credit amounts. Please consult your tax advisor for assistance. Your personal financial records serve as your official supporting documentation for your federal tax return.***
What is the 1098-T form?
The 1098-T form is used to assist you in determining if you are eligible for an Education Tax Credit. It is an annual statement that provides you with the amount of tuition charged on your account during the calendar year.
Who will receive the IRS Form 1098-T?
For tax reporting year 2013, all domestic Boston University students who were officially registered and taking courses for academic credit in at least one of the following semesters will be sent the Form 1098-T, if the qualified tuition and fee charges for the semester were posted to the student’s account during 2013:
- Spring 2013 (Students who registered in calendar year 2013)
- Summer 1 2013
- Summer 2 2013
- Fall 2013
- Spring 2014 (Students who registered in calendar year 2013. Students who register for Spring 2014 in calendar year 2014 will have the qualified tuition and fees for the semester included on their 1098-T in 2014.)
In addition, students who had adjustments to prior year tuition and fee charges or scholarship awards during calendar year 2013 will be sent the Form 1098-T even if they were not enrolled for the semesters listed above.
When will IRS Form 1098-T be mailed and what address will it be mailed to?
IRS Form 1098-T will be mailed no later than February 1 following the tax year to be reported, to the student’s home address. The form will be mailed to the student’s local address if Boston University does not have the student’s home address.
Who will mail the IRS Form 1098-T and answer students’ questions?
Boston University has contracted with Vangent Inc. to compile and mail the IRS Form 1098-T to our students. However, any questions regarding the form should be directed to Boston University Student Accounting Services.
Will Vangent answer tax-related questions?
Students should refer all tax-related questions to their own tax counsel. Students may get additional information from IRS Publication 970, Tax Benefits for Higher Education, or visit the Internal Revenue Service website.
How can a student get a duplicate 1098-T?
Students can now view their 1098-T and print a copy by visiting the Vangent Web site.
Students can call Student Accounting Services at 617-353-2264 to request a duplicate 1098-T.
Who will send the various tax-related forms to Boston University students?
|IRS Form||Who prepares and sends|
|1098-T Tuition Payment Statement||Vangent Inc.|
|W2 Wage and Tax Statement||Boston University Payroll Department|
|1042-S Foreign Person’s U.S. Source Income||Boston University Payroll Department|
How does a student obtain a corrected 1098-T?
If the 1098-T does not include the student’s social security number (SSN) / individual taxpayer ID number (ITIN), please download form W-9S, complete and mail it to: Student Accounting Services, 881 Commonwealth Avenue, Boston, MA 02215. The student’s SSN/ITIN will be updated and a corrected form 1098-T will be mailed to the student and filed with the IRS.
If there is a question about an amount in any of the boxes on the front of the form, please contact Student Accounting Services at 617-353-2264, or e-mail your question to firstname.lastname@example.org