What is the IRS Form 1098-T (Tuitions Payment Summary)?
A college or university that received qualified tuition and related expenses on your behalf is required to file Form 1098-T with the Internal Revenue Service (IRS). The Tax Relief Act of 9.597 states that educational institutions, such as CSU Fullerton, are required to file and furnish a Form 1098-T to students for whom payments for qualified billed tuition and related expenses were received in calendar year 2008. The information being reported to the IRS verifies your enrollment with regard to certain eligibility criteria for the Hope Tax Credit, the Lifetime Learning Tax Credit and the Higher Education Tuition and Fees Deduction. However, the enrollment information by itself does not establish eligibility for either credit or deduction.
