College expenses can be daunting, but understanding the available tax credits and deductions can ease the financial burden.
The 1098-E form is what you receive for tax season if you paid more than $600 in student loan interest last year. Receiving a 1098-E form may allow you to deduct student loan interest on your ...
Form 1098-T is a statement of qualified tuition and related expenses* paid and the amount of scholarships and grants received during the calendar year that is provided to the student as well as ...
There are other 1098 forms that you might receive to report tax-deductible payments, such as student loan interest or tuition payments. Who Receives Form 1098? Mortgage lenders will send a Form ...
All students and scholars in F-1 and J-1 status and their dependents must file an income tax form every year in order to comply with the Internal Revenue Service (IRS) regulations. This is true ...
Form 1098-T is a tax document prepared by higher education institutions to report a student’s enrollment status, payments of qualified tuition and related expenses (QTRE), and scholarships and grants ...
If a student organization decides to apply for tax-exempt status, it will need its own federal taxpayer identification number, i.e., Employee Identification Number (EIN). IRS Form SS-4 is used to ...