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Box 2 - This box will contain the sum of all qualified tuition and related expenses billed to a student during a calendar year. Tuition waivers and exemptions will reduce the sum of the student’s qualified tuition and related expenses for the year.
Box 5 - This box contains the sum of all scholarships and grants Sinclair Community College administered and processed for the student during the calendar year. Scholarships that pay for tuition (qualified scholarships) and other expenses (non-qualified scholarships) will be included in this amount. Payments received from third party sponsors that are applied to student accounts for educational expenses are included in this box.
Financial aid, including scholarships and/or grants, is only reported when it is not expected to be paid back by the student. Similar to tuition and other applicable charges, financial aid is reported on a 1098-T form according to the calendar year that is was posted to your account, not necessarily the year it was applied or refunded.
No. The address shown on a 1098-T form is irrelevant for IRS income tax filing purposes. However, you should update your address with Sinclair Community College, which can be done through the Registration Office.
To correct or change your name, you need to contact the Sinclair Registration Office to complete the requirements for a name change. Once your name has been changed in the college system, contact the Bursar Office to request a new corrected 1098-T form which will be made accessible through ECSI.
The Tax ID Number for Sinclair is 31-0723444
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, and taxpayer’s identification number (TIN), enrollment and academic status. Beginning with 2003, educational institutions must also report amounts to the IRS pertaining to qualified tuition and related expenses, as well as scholarships and/or grants, taxable or not.
A 1098-T form must also be provided to each applicable student. This form is informational only. It serves to alert students that they may be eligible for federal income tax education credits. It should not be considered as tax opinion or advice. While it is a good starting point, the 1098-T, as designed and regulated by the IRS, does not contain all of the information needed to claim a tax credit. There is no IRS requirement that you must claim the tuition and fees deduction or an education credit. Claiming education tax benefits is a voluntary decision for those who may qualify.
Colleges and universities are required to issue the 1098-T form for the purpose of determining a student’s eligibility for the Hope and Lifetime Learning education tax credits. Receipt of the 1098-T form does not imply eligibility for the tax credit. Students and families should consult their tax advisor or IRS Publication 970, Tax Benefits for Education, to determine their eligibility. The 1098-T form is informational only and should not be considered as a tax opinion or advice. If you have questions about how to calculate your education tax benefit, you should consult your tax professional or refer to the IRS.
Sinclair Community College has provided a 1098-T form in compliance with IRS guidelines; however, Sinclair is unable to answer tax related questions or provide any tax advice on this issue. All information and assistance that Sinclair can provide is contained in this notice. The content of this notice is not intended as legal or tax advice.
For tax specific questions, please contact the Internal Revenue Service or your personal tax advisor for further assistance.
The IRS 1098-T form will be mailed no later than January 31st to the student’s address on file with Sinclair Community College.
Box 1 (Payments received for qualified tuition and related expenses) is blank because Sinclair reports amounts in Box 2 (Amounts billed for qualified tuition and related expenses). The IRS provides the option for universities to report either “Payments received” in Box 1 OR “Amounts billed” in Box 2, but not both (refer to Page 14 of IRS Publication 970 for details). Sinclair has elected to report “Amounts billed”.
Yes, you can access your 1098-T form electronically by going to ECSI Instructions.
1098-T forms are also available online through ECSI. To retrieve a copy of your 1098-T form, please go to the link below for instructions. The current 2016 year as well as previous years can be accessed 1098T ECSI Instructions 2016 PDF.