1098-T Tax Reporting
The 1098-T Form is a "Tuition Payments Statement" that higher educational institutions are required to provide to eligible students and the IRS. You receive this form because higher education costs may be eligible for tax benefits.
For more information please consult a tax professional or the IRS website at https://www.irs./uac/about-publication-970.
There is no IRS requirement that you must claim the education credit. Claiming education tax benefits is a voluntary decision for those who qualify.
CLICK HERE for 1098-T Frequently Asked Questions (F.A.Q.'S)