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Chaffey College Form 1098-T Information This information is available in these formats: | HTML | PDF | MS Word | In August 1997, the Taxpayer Relief Act of 1997 (TRA97) was signed into law. This law established the Hope Scholarship and Lifetime Learning tax credits. Both the Hope Scholarship and Lifetime Learning credits allow eligible taxpayers to claim a tax credit against their federal income tax for qualified tuition and related expenses. The 1098-T form you have received or will be receiving in the mail is for your use when preparing your taxes for calendar year 2004. For more detailed information about these tax credits, please click on the following link: http://www.irs.gov/individuals/article/0,,id=96341,00.html Note: It is up to each taxpayer to determine eligibility for tax credits and how to calculate them. Chaffey College cannot provide advice as to how to claim these credits, nor provide a specific breakdown of qualified tuition and related expenses billed. Questions concerning the Hope Scholarship and Lifetime Learning Credits should be directed to your tax advisor or the IRS. Frequently Asked Questions What information should appear on my 1098-T form? Form 1098-T is a tuition statement. Chaffey College is responsible for sending 1098-T information to the IRS and for mailing 1098-T forms to eligible students by January 31, 2004. 1098-T forms will be mailed to the student's mailing address on file with Chaffey College as of December, 2004. Chaffey College will report the following, as appropriate:
Chaffey College will report the following as qualified tuition and related expenses to the IRS:
Note: For students whose tuition fees were
waived by a high school waiver or Board of Governor's Grant, also known
as "BOG", Chaffey College will only report material fees billed as qualified
tuition and related expenses. If you would like to receive a duplicate copy of
your 1098-T form, or if you did not receive your original copy, please
come to the Cashier's Office or the Admissions Office at the Rancho Cucamonga
campus between the hours of 8:00 a.m. and 6:00 p.m., Monday through Thursday
or between the hours of 8:00 a.m. and 3:30 p.m. on Friday. |
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