To submit your IRS Form 1098-T, log in to www.tsc1099.com with Site ID 10703, your Student ID as the Username, and the last 4-digits of your Social Security Number as the Password. Follow the on-screen instructions to complete and submit the form electronically. Ensure all your information is accurate to avoid processing delays. Submission through PrintFriendly's online editor is straightforward and convenient.

For the 2024 tax year, ensure your IRS Form 1098-T is accessed and completed in January when it becomes available online. For the 2025 tax year, follow the same timeline to access your form in January 2025. Always verify the availability dates with Bethune-Cookman University prior to the new year.

The IRS Form 1098-T, also known as the Tuition Payment Statement, is an essential tax document for students and their families. The form helps determine eligibility for education-related tax credits, such as the American Opportunity Tax Credit and the Lifetime Learning Tax Credit. By accurately reporting tuition payments and related expenses, the 1098-T aids taxpayers in claiming these credits, thereby reducing their tax liability. Bethune-Cookman University provides the 1098-T form to help students and families easily access this vital tax information. The university ensures that students can view and print their IRS Form 1098-T electronically, offering convenience and prompt access. This process is also beneficial in reducing the risk of lost or delayed forms during mailing. Receiving the 1098-T form electronically allows students to quickly verify their educational expenses for the tax year and make necessary adjustments if needed. It aids in ensuring that the information reported is accurate and up-to-date, ultimately supporting a smoother tax filing process.

• 1. Site ID: The unique identifier for accessing the 1098-T form online. It typically consists of numerical digits.
• 2. Username: The student's unique identification number provided by the institution. Leading zeroes are not required when entering it online.
• 3. Password: For first-time users, the password is the last four digits of their Social Security Number. Returning users must use their previously created password.
• 4. Box 1: Reports payments received for qualified tuition and related expenses during the calendar year.
• 5. Box 2: No longer used. Institutions now only report in Box 1 as per IRS regulations.
• 6. Box 4: Reports any adjustments to qualified tuition and related expenses made for a prior year.
• 7. Box 5: Reports the total amount of scholarships or grants received during the calendar year.
• 8. Box 6: Reports any adjustments to scholarships or grants for a prior year.

Failing to submit your IRS Form 1098-T can result in missing out on valuable tax credits such as the American Opportunity Tax Credit or the Lifetime Learning Tax Credit. This may lead to higher tax liabilities.

• Loss of Tax Credits: You may not be able to claim education-related tax credits.
• Inaccurate Tax Filing: Your tax return may not accurately reflect your educational expenses.
• Increased Tax Liability: You may have a higher tax bill if you cannot claim the applicable credits.

• 1. Claiming Tax Credits: Use this form to claim the American Opportunity Tax Credit or the Lifetime Learning Tax Credit.
• 2. Documenting Educational Expenses: This form provides a record of tuition payments and scholarships or grants received.
• 3. Updating Personal Information: Review the form to ensure your personal and financial information is accurate.