If you are completing a for-college-credit degree from Central Piedmont, Central Piedmont is required to report the qualified tuition, academic expenses, scholarships, and grants paid or posted to your student account during the calendar (tax) year. Central Piedmont reports these figures on Form 1098-T per Internal Revenue Service (IRS) Section 1.65050S-1.
The IRS requires colleges to choose one reporting method for 1098-T's. Your 1098-T from Central Piedmont will report the amount of qualified expenses you paid during the year, not the amount of your invoices.
The 1098-T statement can help you determine if you are eligible for certain education tax credits or deductions when you file your annual income tax return. For example, your 1098-T can help you determine if you (or an individual who may claim you as a dependent) are eligible to claim a Hope Scholarship or Lifetime Learning Credit on your income tax return. Visit the IRS Publication 970 for detailed information on tax benefits for education.
Please contact a professional tax accountant with questions about the amount reported on your 1098-T to confirm what counts as "qualified expenses" and to determine what tax benefits for education you may be able to claim on your tax return based on your 1098-T.
When You Will Receive Your 1089-T
Central Piedmont issues your 1098-T form no later than January 31 each year.
Access to Your 1098-T Statements
To get instant access to your Central Piedmont 1098-T tuition statement as soon as it is issued, provide your consent to receive the form electronically:
- Log in to MyCollege.
- Access the 1098-T electronic consent form.
- Complete the form.
If you provide your consent to receive the 1098-T electronically, you opt out of receiving a paper copy; you will not receive a copy of your statement by mail. The 1098-T form printed from MyCollege is a valid, IRS-approved substitute for a paper copy.
If you do not provide consent to access your form electronically, your 1098-T form is mailed to the address you provide to Student Records. You should verify that the address on file with Student Records is correct or opt out of paper delivery by no later than December. The Cashier's Office cannot reprint tax forms if you realize too late that your 1098-T will be sent to the wrong address.
Visit the IRS website for a sample Form 1098-T and for explanations of each box on the form (PDF).
Situations Where You Might Not Receive a 1098-T
If you do not receive Form 1098-T, there are several possible explanations:
- Your scholarship and aid (including formal billing arrangements with employers, government agencies, etc.) exceed the amount in Box 1. The IRS does not require Central Piedmont to issue a 1098-T in this case.
- You only attended in the spring semester, but you enrolled and paid for the semester in the prior calendar year.
- We do not have a valid United States mailing address or social security number on file for you. To get your 1098-T, submit a completed taxpayer identification number submission form (found on the Student Records page) to the Student Records/Registration Office at any campus.
- You only paid for non-credit, continuing education courses. We do not send form 1098-T to non-credit, continuing education students unless you also paid qualified tuition and fees for for-college-credit courses.
Social Security Number/Individual Taxpayer Identification Number
In order to issue your 1098-T form, Central Piedmont has to ask you to provide us with your social security number or individual taxpayer identification number (ITIN) each year. We have to request this information because state, federal, and IRS guidelines require us to verify social security numbers and individual taxpayer identification numbers annually to ensure accurate tax reporting on 1098-T forms. The IRS may fine you if you do not provide us with an accurate social security/individual taxpayer identification number (per Internal Revenue Code Section 6723 (PDF)).
We are required to share your social security number or individual taxpayer identification number with the IRS as part of these reporting requirements. We can share this information and still be in compliance with the Family Educational Rights and Privacy Act (FERPA) — we do not release your educational records or personal identifying information unless you authorize us to or unless we are required to do so for state and federal reporting.
Having an accurate social security number or individual taxpayer identification number on your tax forms supports the tax deduction that you or your family may claim for qualified educational expenses on your federal and state income tax returns.
Verify Your Social Security Number or Individual Taxpayer Identification Number in MyCollege
We ask that you verify your social security number or individual taxpayer identification number online in MyCollege. You will be asked to verify this information annually. When you log in to MyCollege, you might receive a message requesting you to verify your social security number or individual taxpayer identification number. A confirmation that the number matches what is in Central Piedmont's records will appear.
If you are not required to have a social security number or taxpayer identification number, select the option provided in the MyCollege form. If your number does not match Central Piedmont's records, you will receive an alert and an email to your Central Piedmont student email.
If you are not required to have a number or if you are unable to unable to verify your social security number or individual taxpayer identification number in MyCollege, please follow the "Taxpayer Identification Number Submission Form" process on the Student Records page.
We might send you emails from email@example.com or firstname.lastname@example.org about verifying your 1098-T information. However, the college will not ask you send or update your social security number or individual taxpayer identification number information by email.
Declining to Provide Your Social Security Number or Individual Taxpayer Identification Number
The individual taxpayer identification number submission form gives you the option to decline to provide your social security number or individual taxpayer identification number. However, if you decline to provide this information, the IRS may fine you (per Internal Revenue Code Section 6723 (PDF)).
If you choose to decline providing this information and later decide that you would like to verify it, go in-person to the Student Records office at any campus to complete the taxpayer identification number submission form.
Questions About Providing Your Social Security Number or Individual Taxpayer Identification Number
Contact the Central Piedmont Cashier’s Business Office or visit our office at any campus.