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Why does MTU show Box 2-Amounts Billed instead of Box 1-Payments?

April 26, 2017Box MTU

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Why does MTU show Box 2-Amounts Billed instead of Box 1-Payments?

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The IRS requires colleges and universities to choose one reporting method-either amounts billed or amounts paid during the calendar year. We chose to report the amounts billed method. We report using this method every year.