Yes Framingham Blue Sign What Means Yes Framingham Blue Sign Massachusetts
What is a 1098-T Form?
The 1098-T form is an annual informational document that all educational institutions are required to prepare for eligible students. It contains information on qualified tuition and related expenses within the calendar year, January-December. Students are not required to use the 1098-T form but can use the information provided when completing their tax returns. While Framingham State University cannot advise on how you should use the form, your tax professional can.
Where can I find my 1098-T?
You can find your 1098-T on your myFramingham account, under theFinancessection, underTax Notification. Once you click onTax Notification, select the tax year and you will be able to view or print the document.
What am I supposed to do with the Form 1098‐T?
Unfortunately, we cannot provide you with tax advice, so we suggest that you contact your accountant or tax advisor if you have specific questions related to your tax requirements and responsibilities. However, we can inform you that you are not required to attach IRS Form 1098‐T to your tax return, but it would be wise to keep it for your records.
When will I receive my 2021 1098T form?
You will be notified by email on or before January 31, 2022 from cservice@ecsi.net when your 2021 1098-T form is ready to be viewed via the Heartland ECSI website.
How do I access my 1098-T
All 1098-T forms for Framingham State University are available through Heartland ECSI. You may access the forms via myFramingham or by visiting ECSI's website.
What information is reported on the 1098T?
Box 1
Framingham State University reports on qualified payments, as required by the IRS. As such, only payments for qualified charges will be eligible to be reported.
Box 4
Reflects reductions in charges for qualified tuition and related expenses made during this calendar year that relate to amounts billed that were reported in a prior year. This could impact a tax credit for a prior year. Your tax preparer should be consulted.
Box 5
Reflects the total of scholarships and grants that were posted to the tuition account during calendar year 2021. This may also include additional scholarship and grant funds posted late for a prior year.
Box 6
Reflects reductions in scholarships and grants reported for a prior year. This could impact a tax credit for a prior year. Your tax preparer should be consulted.
Box 7
Is checked if there are charges for terms beginning January 2021–March 2021.
Box 8
Is checked if a student is at least half-time during any academic period that began in 2021.
Why did I not receive a 1098-T?
The IRS does not require us to generate a 1098-T for the following:
- Students enrolled in non-degree programs
- Students who did not have qualified tuition and related expenses
- Students whose qualified tuition and related expenses are entirely waived or paid entirely with scholarships
An example of a student that would not be eligible for a 1098-T would be a student taking Professional Development courses.
For additional information, please refer to the IRS 1098-T instructions, here.
What should I do if my 1098-T tax form does not match my personal information?
This was obtained from information provided to Framingham State University. Please contact the University Registrar's Office at registrarsoffice@framingham.edu if any changes need to be made.
As an international student, will I receive a 1098-T?
A 1098-T was created for all students that have qualified tuition, related expenses and payments and received a SSN/TIN validation communication in the Fall 2021. International students that are filing Federal Income Tax that do not have a SSN/TIN on file will need to complete a Taxpayer Identification Number Request Form and submit to the Registrar's office by February 20, 2022 and notify student accounts studentaccounts@framingham.edu by February 20, 2022 as well, so your 1098-T can be updated.
Source: https://www.framingham.edu/admissions-and-aid/student-accounts/faqs/
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