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There are prior year adjustments on the form (Box 3 and 5) but these fields have not been populated on past forms. Why?

April 26, 2017adjustments Box Fields form past populated prior year

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There are prior year adjustments on the form (Box 3 and 5) but these fields have not been populated on past forms. Why?

1 Answer

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Posted

Beginning in tax year 2004, educational institutions must also report certain amounts to the IRS pertaining to prior year reductions to qualified tuition and related expenses as well as reductions to scholarship and/or grant amounts for a prior year.