What is a Form 1098-T?
The Internal Revenue Service (IRS) requires Stephen F. Austin State University (SFA) to issue Form 1098-T, Tuition Statement, to some students. Form 1098-T reports qualified education expenses paid during the calendar year to students who were enrolled at SFA any time during the applicable calendar year. Grants or scholarships processed by SFA are also reported on the form. The 1098-T (along with the 1098-T Detail) provides tax information necessary to determine eligibility for tax credits or deductions for which you may qualify.
How can I receive my Form 1098-T electronically, rather than by mail?
By registering for classes online, you automatically consent to receive your 1098-T online.
You may withdraw your consent to receive your 1098-T electronically at any time.
When will the Form 1098-T be available?
Students who consent to receive Form 1098-T electronically:
By registering for classes online, students consent to receive their 1098-T online. These students will receive an email in mid-January notifying them that their 1098-T has been loaded into mySFA. The email will contain instructions for online viewing and retrieval. They will not receive a mailed copy.
Students who withdrew their consent to receive Form 1098-T electronically:
A paper copy of IRS Form 1098-T will be mailed to these people before January 31, 2014.
How long will the 1098-T be available for online viewing?
Current and former students can access the current year, plus the previous year's forms.
How do I view and print my 1098-T?
The Form 1098-T will be accessible through mySFA. To access it:
1098-T tax forms will be available in mid-January for the prior tax year. Once the form is available in mid-January, an email notification will be sent to your SFA Titan email account.
How do I view and print my 1098-T for previous years?
The current year, plus one previous year's forms are available to view and print through mySFA. Follow the instructions under "How do I view and print my 1098-T?," above.
To access your Forms 1098-T for years 2005-2011:
Years prior to 2005
For Forms 1098-T prior to 2005, call Vangent TRA Service at (800) 654-8341.
Can parents/guardians have online access to my 1098-T?
No, only students have access through mySFA.
How can I withdraw my consent to receive my 1098-T electronically?
You may withdraw your consent and receive a paper Form 1098-T by providing written notification to the SFA Business Office via email at email@example.com, or by mail at Box 13053, Nacogdoches, TX 75962, or in person at the Business Office, Room 204 of the Austin Building, during normal working hours.
Why are the amounts on my 1098-T different than the amounts I paid?
This is a common misunderstanding each year. For 1098-T purposes, SFA reports qualified transactions in the calendar year when amounts were billed and not when amounts were paid, received, or posted. For example, Spring semester charges are normally billed in December and are therefore included on the prior year tax Form 1098-T. Students were billed in December 2012 for Spring semester 2013 classes, so those amounts were included on the 2012 Form 1098-T even though the actual payment may have been made during 2013. Students were billed in December 2013 for Spring semester 2014 classes, so those amounts will be included on the 2013 Form 1098-T even though the actual payment may be during 2014. Generally, you can deduct the amounts paid during the tax year, so the amounts reported on the 1098-T may not equal the amounts you are reporting for tax purposes.
Amounts of qualified tuition and fees reported on the 1098-T are defined by the IRS. The IRS does not consider fees such as insurance fees or room and board as qualified tuition and fees. Therefore, they are excluded from amounts reported on the 1098-T.
I have more questions. How can I get them answered?
Help from SFA:
Please contact the SFA Business Office:
Mail: Box 13053, Nacogdoches, TX 75962
In person: Room 204, Austin Building
SFA Business Office hours are Monday-Friday, 8:00 a.m. and 4:30 p.m.
Help from the IRS and your tax advisor:
To see if you qualify for tax credits or deductions, and for help in calculating the amounts, see IRS Pub. 970, Tax Benefits for Education; Form 8863, Education Credits; and Form 1040 or 1040A instructions. Also refer to your own records or contact your tax advisor.