Form 1098-T for the 2009 Calendar Year
Additional 1098-T information (PDF)
1098-T forms for calendar 2009 are mailed January 31, 2010. Please allow
normal mailing time to receive your 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. In order to take the tax credit
you will need the amount of qualified tuition billed during the tax year,
less the amount of any scholarships and grants in order to complete Form
8863, the form used to calculate tax credit eligibility. 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 2009. This also includes charges for terms
beginning January to March 2010 if Box 7 is checked.
For most students, tuition for winter quarter 2009 and spring semester
2009 was billed in 2008 and was reported on the 1098-T for 2008. Box 7
on the 1098-T for 2008 was checked if this was the case.
Scholarships and grants. This box reflects the total of scholarships
and grants that were posted to the tuition account during calendar 2009.
This may also include additional scholarship and grant funds posted late
for a prior year.
Adjustments to tuition for a prior year. This box 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. This
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.
We also should include the following information:
Northeastern can only answer questions relating 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.
IRS Publications - go to www.irs.gov
- 2009 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
- 2009 Form 8863 - This is the form used to calculate the tax credit and must accompany the tax return.
Phone Numbers
- 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: 1.617.373.2831
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