1098-T forms will be processed for all students with billable tuition and fees during the calendar year by January 31. Students have the option to receive their 1098-T form electronically instead of waiting to receive a paper copy. By signing up for electronic consent by December 31, notification will be sent to the student’s Walsh e-mail account when the 1098-Ts are available on the student portal.
To sign up for electronic consent or view a 1098-T online, log in to the portal. Go to Student Accounts/Billing card then click on the Student Tax Information.
In previous years, 1098-T included a figure in Box 2 that represented the qualified tuition and related expenses (QTRE) billed to student accounts for the calendar tax year. Due to a change to institutional reporting requirements under federal law, beginning with tax year 2018, Walsh College will report in Box 1 the amount of QTRE paid during the year.
The dollar amounts reported on your Form 1098-T may assist you in completing IRS Form 8863 – the form used for calculating the education tax credits that a taxpayer may claim as part of your tax return. When figuring an education credit, use only the amounts you paid and are deemed to have paid during the tax year for qualified education expenses. In most cases, the student should receive Form 1098-T from the eligible educational institution by January 31, 2021. However, the amounts on Form 1098-T, box 1, may be different than the amount actually paid.
If you would like a calendar year statement of your account to assist you in the preparation of your taxes, please call (248) 823-1620 or send an email to email@example.com. A statement will be mailed within one business day. Due to the large volume of requests, statements cannot be faxed. To expedite processing, please provide your student ID number.
Walsh College cannot provide tax advice or determine if you are eligible for a tax credit. Please consult your tax advisor or visit the IRS website. Tip: Search the IRS site for “Form 8863.”
The IRS requires Walsh College to collect and provide your correct identifying number to file certain information returns such as Form 1098-T Tuition Statement. For students, this will be your social security number (SSN) or, if you are not eligible to obtain an SSN, your individual taxpayer identification number (ITIN). Please note that if you are a non-resident alien and do not have income that is subject to tax, you are not required to supply this information to us.
If the identifying number has not been provided, please provide it online through the portal. Go to Student Record Forms and click on submit Social Security Number.
Failure to provide your correct identifying number could result in a penalty from the IRS imposed on each incorrect document.
Please return the completed W-9S forms by December 1 to:
Attn: Office of Finance and Accounting
3838 Livernois Rd
Troy, MI 48083
Or fax to the Office of Finance and Accounting at 248-689-7834. Please note this information SHOULD NOT be emailed.