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Helping Us Go Green

A $1 million grant from the U.S. Department of Energy will help University of Miami College of Engineering students assist small- and medium-sized…

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Which University students receive 1098-T?s?

Undergraduate, graduate, law, medical and continuing studies students.

Do I have to include this form with my tax return?

You need to consult your tax advisor for any questions relating to your personal tax return or your parents tax return.  While it is not federally required to include this document with your tax return your individual tax preparer may prefer to include the document with your return.

Does the University report this information to the IRS?

Yes, the University is required by federal regulations to report your 1098-T information to the Internal Revenue Service.

Why is Box 1 blank?

The IRS requires the University to complete either Box 1 or Box 2, not both boxes.

How was the amount in Box 2 determined?

The amount in Box 2 is the total of all tuition and related expenses charged to your account for the time period:  December 15, 2006 to  December 13, 2007.

How was the amount in Box 3 determined?

The amount in Box 3 represents reductions in charges made for qualified tuition and related expenses during the current calendar year that relate to amounts billed which were reported on a prior year 1098-T form.

How was the amount in Box 4 determined?

The amount in Box 4 is the total of all scholarships, grants and tuition remission credited to your account for the time period:  December 15, 2006 to  December 13, 2007.

How was the amount in Box 5 determined?

The amount in Box 5 represents reductions in scholarships or grants during the current calendar year that relate to amounts which were reported on a prior year 1098-T form.