The Internal Revenue Service (IRS) requires Central Piedmont to report qualified tuition and expenses as well as scholarships and grants paid or posted to all degree-seeking students’ accounts on Form 1098-T.
The Internal Revenue Service (IRS) requires Central Piedmont to report qualified tuition and expenses as well as scholarships and grants paid or posted to all degree-seeking students’ accounts on Form 1098-T. We are required by IRS Section 1.65050S-1 to send Form 1098-T to students for whom qualified tuition and fees were paid during the calendar year.The 1098-T statement is an information return that assists students in computing certain education tax credits or deductions for which they may be eligible when they file annual income tax returns.
In previous years, your 1098-T included a figure in Box 2 that represented the qualified tuition and related expenses (QTRE) we billed to your student account for the calendar (tax) year. Due to a change to institutional reporting requirements under federal law, beginning with tax year 2018, we will report in Box 1 the amount of QTRE you paid during the year.
The following is a blank sample of the 2018 Form 1098-T, received in January 2019, for your general reference. For more information about Form 1098-T (PDF), visit the IRS website.
Students have instant access to Form 1098-T tuition statements by providing consent to receive the forms electronically. Students should log into MyCollege and provide consent using the 1098-T Electronic Consent option. Forms will not be mailed for students who provide electronic consent. By providing consent to view your 1098-T online, you opt out of receiving a paper copy and will not receive a copy in the mail. The 1098-T form printed from MyCollege is a valid, IRS-approved substitute.
If electronic consent is not provided, your 1098-T form is mailed to the address you provide to the Student Records Office.
For tax information, please visit the IRS Publication 970 where detailed information is provided about tax benefits for education. For additional information and guidance, contact your professional tax accountant.
The college will issue 1098-T forms no later than January 31 each year.
Form 1098-T are provided to assist in determining if you (or an individual who may claim you as a dependent) are eligible to claim a Hope Scholarship or Lifetime Learning Credit on the income tax return.
If you do NOT receive Form 1098-T, there are several possible explanations:
- The IRS does not require us to send you one if your scholarship and aid (including formal billing arrangements with employers, government agencies, etc.) exceeded the amount in Box 1.
- A student only attended in the spring semester, but had enrolled and paid in the prior calendar year.
- We do not have a valid United States mailing address or Social Security Number on file for you. Please visit Student Records to access the Request for Student’s Taxpayer Identification Number form and remit to any Central Piedmont Campus Registration/Records Office.
- Your payment consisted of only non-credit courses. We do not send form 1098-T to CCE students unless they paid qualified tuition and fees.
- You gave consent to opt out of paper delivery of the form using MyCollege. An electronic copy of your 1098-T form is available online on your MyCollege account.
Frequently Asked Questions
I paid $1,000 last year. Why does my 1098-T only reporting $800 in Box 1?
- Your 1098-T will show the amount paid on your student account for qualified tuition and fees from January 1 - December 31 of the tax year. Please consult the IRS or tax advisor for questions regarding qualified expenses.
My address is wrong. Can I get another copy printed?
- No, but you can access and print a copy of your 1098-T by logging into MyCollege. The Cashiers Office cannot reprint tax forms. Please update/correct your mailing address with the Student Records Office or "opt-out" of paper delivery.
What about books? Why they are not included?
- Only qualified tuition and expenses are reported on your 1098-T. Please consult your professional tax advisor with questions regarding "qualified expenses."
Why does the 1098-T form show payment amounts instead of invoices?
- The IRS requires colleges to choose one reporting method. Due to a change to institutional reporting requirements under federal law, beginning with tax year 2018, we will report in Box 1 the amount of QTRE you paid during the year.
If I receive Form 1098-T, does it mean I qualify for the Hope Scholarship or Lifetime Learning Tax Credits?
- Not necessarily. We are required to provide Form 1098-T to those who were billed for qualified tuition and fees during the calendar year. Please consult your professional tax advisor to make an individual determination.
How do I determine which expenses will qualify for the Hope Scholarship and Lifetime Learning Credits?
- Please consult your professional tax advisor for additional information.
What do the amounts located on the form represent?
- Box 2 represents the amount of qualified tuition and expenses paid for calendar dates January 1 through December 31.
- Box 4 represents any adjustments made for prior year.
- Box 5 represents the total of all scholarships or grants administered and processed by us, as well as the total of any tuition or fees that were paid by a sponsor on the student's behalf through a formal sponsorship agreement. The amount of scholarships or grants for the calendar year (including those not reported by the institution) may reduce the amount of any allowable tuition and fees deduction or the education credit you may claim for the year.
- Box 6 represents adjustments to scholarship or grants for a prior year.
- Box 7 is checked only if payments were made prior to December 31 for any qualified tuition for the spring semester.
- Box 8 is only checked if you have been a half-time student (six credit hours) for at least one academic period that began during the calendar year.
Do I need to provide my social security number?
- Per state, federal, and Internal Revenue Service (IRS) guidelines, beginning 2014, we will request that all students provide their social security number (SSN) or individual taxpayer identification number (ITIN) for reporting purposes.
Why is my SSN/ITIN being requested?
- Per state, federal, and Internal Revenue Service guidelines, we are required to verify social security numbers (SSN) and individual taxpayer identification numbers (ITIN) annually for accurate tax reporting on 1098-T forms. Having an accurate SSN/ITIN on tax forms supports the tax deduction that a student or family may claim for qualified educational expenses on both federal and state income tax returns. Failure to provide us with an SSN/ITIN may result in the student being fined by the IRS in accordance with Internal Revenue Code Section 6723 (PDF)
How do I verify my SSN/ITIN?
- When students login to My College, a pop-up message may appear requesting the student to verify his/her SSN/ITIN. A confirmation that the SSN/ITIN matches CPCC records will appear. If the student’s SSN/ITIN does not match CPCC records, the student will be alerted and an email will be sent to the student’s CPCC email address.
Can I verify or update my SSN/ITIN information using another method?
- To make the verification process simple for students, CPCC is requesting that all students use the My College online pop up tool to verify their SSN/ITIN information. If a student is unable to complete the verification online, please present all the documents below to any CPCC Campus Registration/Student Records Office or mail to Office of Student Records Central Piedmont Community College P.O. Box 35009 Charlotte, NC 28235-5009
- Documents Required:
- Completed request for student’s taxpayer identification number
- SSN card, or ITIN card, or ITIN authorization letter
- Photo identification (SSN information MUST NOT be emailed).
What do I do if my SSN/ITIN does not match CPCC’s records?
- To update SSN/ITIN records, please bring a completed Request for Student’s Tax Payer Identification Number Form, SSN/ITIN card or ITIN authorization letter, and photo identification to any campus Registration/Student Records Office.
How do I decline to provide my SSN/ITIN and what happens if I do not provide my SSN/ITIN?
- Students can decline to provide their SSN/ITIN on the request for student’s taxpayer identification number form.
- Failure to provide Central Piedmont with an SSN/ITIN may result in the student being fined by the IRS in accordance with Internal Revenue Code Section 6723 (PDF).
- Those who select this option and later decide that they would like to verify their SSN/ITIN information can do so in person at any Campus Registrar/Records Office. Please refer to the verification instructions listed under “Can I verify or update my SSN/ITIN information using another method?”
I am not required to have an SSN/ITIN. What do I need to do?
- Students who are not required to have an SSN/ITIN can select this option through MyCollege and will be required to submit the request for student’s taxpayer identification number form.
Does Central Piedmont fine students for not providing an SSN/ITIN?
- Central Piedmont does not fine students if they do not provide an SSN/ITIN; however, the IRS may fine students who have not provided Central Piedmont with an SSN/ITI, in accordance with Internal Revenue Code Section 6723 (PDF).
How often will I be asked to verify my SSN/ITIN?
- Central Piedmont will request that students verify their SSN/ITIN annually.
Who will my SSN/ITIN be shared with?
- As required by Internal Revenue Code Section 6723 (PDF), a student’s SSN/ITIN will be shared with the IRS for 1098-T reporting.
Are my FERPA rights being protected?
- Central Piedmont Community College fully complies with the Family Educational Rights and Privacy Act (FERPA), also known as the “Buckley Amendment” and therefore, does not release educational records or personal identifying information unless authorized or unless required for state and federal reporting.
I received an email from email@example.com or firstname.lastname@example.org. Are these legitimate email address?
- Some of the emails we send are processed systematically on behalf of the Cashiering Business Office; therefore you may receive emails from these addresses. Although Central Piedmont may communicate with students regarding the 1098-T verification process by email, the college will not request students to send or update your SSN/ITIN information by email.
Who do I contact with questions regarding CPCC’s request for SSN/ITIN?
- Please contact the Central Piedmont Cashier’s Business Office at email@example.com or 704.330.6964. You may also visit any Campus Cashiering Office.