2014 Calendar Year
Electronic 1098T's. e1098T’s will be available two weeks prior to when the paper 1098T’s would be mailed; This is a secure, paperless, and cost-effective way to receive this important and confidential information.
Students can use myNEU self-service to opt-in to receive an e1098T. The process is simple:
- Go to myNEU
- Enter your username and password
- Click on the Self-Service tab
- Click "Student Self Service" option
- Click on 1098T Electronic Consent Form
- Check the “Yes” box
- Submit, and you’re set!
If you do not choose to receive your 1098T electronically they are mailed January 31, 2015. Please allow normal mailing time to receive your form. In addition, a copy of your 1098T will be located on your myNEU portal, self service, choose "Student Account, Payment and Ebill Information" and then "Tax Notification". The on-line form will also provide you with the associated detail for the amounts reported on your 1098T form.
There is no dollar amount in Box 1
Beginning with tax year 2003 reporting, eligible educational institutions were given the option of reporting payments received, or amounts billed, for qualified tuition and related expenses. The school must continue to use the same reporting method for all calendar years unless the IRS grants permission to change the reporting method.
Northeastern University elected to adopt the IRS option of reporting qualified tuition and expenses billed during the calendar year. You will see that figure in box 2 on the 1098-T form. We selected this reporting option because it benefited the most students. Students and parents should have receipts for payments made.
The amount in Box 2 reflects tuition charges that were posted to the tuition account in calendar 2014. This also includes charges for terms beginning January to March 2015 as indicated in Box 7.
For most students, tuition for winter quarter 2014 and spring semester 2014 was billed in 2013 and was reported on the 1098-T for 2013. Box 7 on the 1098-T for 2013 was checked if this was the case.
Scholarships and grants. Box 5 reflects the total of scholarships and grants that were posted to the tuition account during calendar 2014. This may also include additional scholarship and grant funds posted late for a prior year.
Adjustments to tuition for a prior year. 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.
Adjustments to scholarships and grants 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.
Northeastern can only answer questions related to how the form was prepared. THE TAXPAYER SHOULD REFER TO RELEVANT IRS FORMS AND PUBLICATIONS, AND NOT THE INSTITUTION, FOR EXPLANATIONS RELATING TO THE ELIGIBILITY REQUIREMENTS FOR, AND CALCULATION OF, ANY ALLOWABLE EDUCATION TAX CREDIT.
1098-T Frequently Asked Questions
Am I eligible for a tax credit?
Student Financial Services staff members are not tax professionals and given the complexity of the tax code, we unfortunately cannot provide tax advice or determine your eligibility for education tax benefits. We can provide you with information about your account, which you may need to determine your eligibility for tax benefits; however, any questions about your eligibility should be directed to the I.R.S. or a tax professional.
Were 2014 1098T generated for international students/Non Resident Aliens?
2014 1098T were not generated for Non-Resident Aliens (NRA) students. Northeastern University is not required to supply NRA with the form 1098-T according to the guidelines established by the Internal Revenue Services. However, one can be generated and posted to myNEU upon request and the information will be forwarded to the IRS. However, to be in compliance with the IRS guidelines, we will not be able to generate any new 1098-T's for the prior year after March 1st. If you lost your copy of the original 1098-T form, you can access it online through myNEU. Please note to have a 1098T generated you must have a valid social security or tax identification number (TIN) on file with the University. If you need to update your SSN or TIN with the University please complete the “Student name
or Social Sercurity Number Update form” (http://www.northeastern.edu/registrar/form-ch-name-ssn.pdf).
Or if you are no longer an active student at the University you may mail a completed w-9 form (include your NUID number on the form where it asks for "Tuition Account Number" and return it to the Office of the Registrar, 120 Hayden Hall, 360 Huntington Avenue, Boston, MA 02115 or fax 617-373-5351. After this is completed you may email firstname.lastname@example.org to have your 2013 1098T posted to myNEU.
I made several payments in 2014 but they are not reflected on my 1098T. Why?
The IRS gave Colleges and Universities the option to either report "Payments received for qualified tuition and related expenses" - or - "Amounts billed for qualified tuition and related expenses". Northeastern University chose to report on “qualified amounts billed”. As a result, nothing will be reported on your 1098-T in regards to payments made. Your eligibility for tax benefits is not impacted by whether a university reports amounts paid in or amounts billed. The school must continue to use the same reporting method for all calendar years unless the IRS grants permission to change the reporting method.
I attended classes in the spring of 2014 and was charged but it is not included in my 2014 1098-T. Why are my charges not reflected on this year’s 1098-T?
The charges billed reported in Box 2 reflect charges for which you were billed during the calendar year - regardless of the semester to which those charges apply. Northeastern begins billing students for spring tuition and fees in November and December, in advance of the spring semester. If you were pre-registered for spring 2014 semester, the charges for these courses were billed in November/December of 2013 and were therefore reported on your 2013 1098-T.
What does box 8 mean?
This box is checked if a student is at least half time during any academic period that began in 2014. A half-time student is a student enrolled for at least half the full-time academic workload for the course of study the student is pursuing. Your institution's standard for a half-time student work load must equal or exceed the standards established by the Department of Education under the Higher Education Act and set forth in 34 C.F.R. section 674.2(b).
I recently withdrew from my winter/spring classes. Do I need a new 1098-T showing those charges have been dropped?
The 1098-T reflects information that was posted to the student account during the 2014 fiscal year. Charges for this term will appear on the current 1098-T, but the withdrawal information has been added to your Student Account during 2015 fiscal year. These changes will be reflected on the 2015 1098-T. The changes appear in Box 4.
Where can I get my 1098-T?
Students may opt to receive there 1098T electronically and not by mail via ther myNEU portal. A form will only be produced if there is any activity (tuition billed and/or scholarship and grants posted) on the account during 2014 academic year. The forms are mailed on January 31, 2015 to the students permanant address on file. The 1098-T form is not available on the parent portal.
How can I get a copy of my 1098-T form?
Students may print copies from their myNEU account. To access and print the form, students should:
- Click on Self-Service tab
- Choose Student Self Service
- Choose “Student Account”
- Choose “Tax Notification”
- Type in the tax year for which 1098-T is requested and click “Submit”
- Press “Ctrl and p” simultaneously to print
The 1098-T form that is available through myNEU is considered an official document accepted by the IRS. If an additional copy of the 1098T is required please print one from your myNEU account. The 1098-T can also be saved as a PDF.
If a hard copy is needed, please send an email request to email@example.com. In the subject line, please specify “1098-T Copy”.
Please note: Copies of the 1098-T forms can only be mailed to the address on file or emailed to the students’ secure myNEU email account.
1098-T Additional Online Resources
IRS Publications - go to www.irs.gov
- 2010 Publication 970 - Contains information on both Hope Scholarship and Lifetime Learning Credit. Covers eligibility, qualifying expenses, how to figure and claim credit, etc.
IRS Form - go to www.irs.gov
- 2010 Form 8863 - This is the form used to calculate the tax credit and must accompany the tax return.
- IRS - Asking Tax Questions: 1.800.829.1040, TTY/TDD 1.800.829.4059
- IRS - Ordering Forms and Publications: 1.800.829.3676, TTY/TDD 1.800.829.4059
- IRS - Taxpayer Advocate: 1.877.777.4778, TTY/TDD 1.800.829.4059
- Northeastern 1098-T Information Line: 1.617.373.2270