Frequently Asked Questions Form 1098-T

1. What is Form 1098-T (Tuition Payments Statement)?
2. Will I receive a 1098-T form this year?
3. When will I receive my 1098T form?
4. If I receive Form 1098-T, does that mean that I qualify for the Hope Scholarship, Lifetime Learning Credits or other tax benefits? 
5. How do I determine which expenses will qualify for the Hope Scholarship, Lifetime Learning Credits, or other tax benefits?
6. If I am a nonresident alien, will I receive a Form 1098-T?
7. What do the amounts located on the form represent?
8. Why does the 1098-T form show billed amounts instead of payments?
9. What did I pay for tuition in calendar year 2007?
10. What if I didn't get a 1098-T?  What if the information on my 1098-T is incorrect?
11. The 1098-T Help Desk 

• What is Form 1098-T (Tuition Payments Statement)?
  We are required by IRS Section 1.65050S-1 to send Form 1098-T to students who enrolled in courses during the 2007 calendar year and who had qualified tuition and/or fees billed during 2007.  The form is used to assist the IRS and students in determining if students are qualified for education-related tax benefits. 
  
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• Will I receive a 1098-T form this year?
  If you were enrolled in courses during the 2007 calendar year and had qualified tuition and/or fees billed during 2007, you should receive a 1098T form. 
  
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• When will I receive my 1098T form?
  We mail our 1098T forms to students during the third week of January.  The information on Form 1098-T was prepared by Kaplan Higher Education using the financial information and address as it appears in your school’s student information system.  If you have moved in the past year, please verify your address with your college’s business office. 
  
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• If I receive Form 1098-T, does that mean that I qualify for the Hope Scholarship, Lifetime Learning Credits or other tax benefits? 
  Not necessarily.  Kaplan Higher Education is required to provide Form 1098-T to individuals who were billed for qualified tuition and related expenses during the calendar year 2007.
  
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• How do I determine which expenses will qualify for the Hope Scholarship, Lifetime Learning Credits, or other tax benefits?
  We cannot legally provide tax advice concerning how to use your form when you are filing your tax return.  Please consult with the IRS or a qualified tax preparer if you have questions concerning how to use this form on your taxes. 
  
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• If I am a nonresident alien, will I receive a Form 1098-T?
  A nonresident alien should not receive Form 1098-T since a nonresident alien is generally not eligible to claim either the Hope Scholarship or Lifetime Learning Credit.  Certain nonresident aliens who are married to U.S. citizens or permanent resident aliens and who qualify to file a joint-income tax return, may, in some cases qualify to claim the credits.  
  
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• What do the amounts located on the form represent?
  • Box 2 represents the amount of qualified billed tuition at the college you attended for calendar dates January 1, 2007 through December 31, 2007. 
  • Box 8 is only checked if you have been a half-time student (6 credit hours) for at least one academic period that began during the calendar year of 2007.
    
    
    
• Why does the 1098-T form show billed amounts instead of payments?
  The IRS requires Kaplan Higher Education to choose one reporting method--either amount billed or amount paid.  We chose to report the “amount billed” method.  We report with this method every year. 
  
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• What did I pay for tuition in calendar year 2007?
  Please refer to your records for this information.  If you need more detail, a printout of relevant semesters and payments may be obtained from our help desk.
  
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• What if I didn't get a 1098-T?  What if the information on my 1098-T is incorrect?
  If you enrolled in courses during the 2007 calendar year and were billed for qualified tuition and fees but did not receive a form, please verify that the form was not mailed to another address (past or permanent).  If your form was not mailed to an older address, or the information on the form is incorrect, contact the 1098T help line.
  
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• The 1098-T Help Desk
  If you have questions after reading this FAQ and the Instructions for Students on the back of your 1098-T form, please contact Kaplan’s help line via e-mail at 1098T@KHEC.com.
  
  Please provide the following information:
  
  • Student Name
  • School Attended
  • Location of School (City, State)
  • Your mailing address (including city, state, zip code)
  • The area code and phone number and e-mail address where you can be reached
  • The issue you are experiencing
  • You can also call the help desk at 770-776-5192. 
  
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  The Help Desk can:
  
  
  • Clarify information on the 1098-T.
  • Explain to students how they can provide or correct their SSN/ITIN.
  • Send students statements for tuition paid during 2007 for credit and non-credit enrollments.
    
    ***The Help Desk cannot provide any tax advice or guidance. 
    
    

For additional information, please consult the following:

• IRS Website: http://www.irs.ustreas.gov 
• Internal Revenue Service: 1-800-829-1040