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#3
04-19-2004, 07:08 PM
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 Re: 1098-T Frederick Jorden <knowtax[at]bigfoot.com> wrote: - quote - > I have seen too many 1099-Ts that were blank or had zeros.
Hasn't the Treasury continued to postpone the date after> And they were from schools that I know are not free nor give > huge scholarships. I guess if you work for the government > you do not have to follow the government rules. which educational institutions must provide COMPLETE numeric data? Right now I think they are only required to confirm enrollment and status. MTW << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#2
04-18-2004, 03:34 PM
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| Re: 1098-T Phil Marti wrote: - quote - > "Vernon V Chatman III" <vvc[at]besttaxplace.com> writes:
I have seen too many 1099-Ts that were blank or had zeros.> > My view is that box 4 should show the total of all > > scholarships or grants administered and processed by the > > eligible educational institution. However, educational > > institutions {e.g., ucla} seem to report only the portion of > > scholarships and grants considered to be taxable income (i. > > e., they exclude the box 1 amount or say they do) to the > > student. > > > I'm interested in other's experience with this issue? > I'm still waiting for a 1098-T to come vaguely close to what > the taxpayer's records show. If IRS ever starts using the > 1098-T data in underreporter, it's going to be a huge mess. And they were from schools that I know are not free nor give huge scholarships. I guess if you work for the government you do not have to follow the government rules. -- Frederick E. Jorden http://Tax-Accounting-Payroll.com 7825 Midlothian Tpk - 207 Richmond, VA 23235-5247 EMAIL knowtax[at]bigfoot.com (804) 320-6210 FAX (804) 320-6211 << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#1
04-15-2004, 06:55 AM
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| Re: 1098-T - quote - > My view is that box 4 should show the total of all
That's what I've seen.> scholarships or grants administered and processed by the > eligible educational institution. - quote - > However, educational
None of that around here.> institutions {e.g., ucla} seem to report only the portion of > scholarships and grants considered to be taxable income (i. > e., they exclude the box 1 amount or say they do) to the > student. << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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04-15-2004, 05:38 AM
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| Re: 1098-T "Vernon V Chatman III" <vvc[at]besttaxplace.com> writes: - quote - > My view is that box 4 should show the total of all
I'm still waiting for a 1098-T to come vaguely close to what> scholarships or grants administered and processed by the > eligible educational institution. However, educational > institutions {e.g., ucla} seem to report only the portion of > scholarships and grants considered to be taxable income (i. > e., they exclude the box 1 amount or say they do) to the > student. > I'm interested in other's experience with this issue? the taxpayer's records show. If IRS ever starts using the 1098-T data in underreporter, it's going to be a huge mess. Phil Marti Topeka, KS << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#-1
04-14-2004, 06:27 AM
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| 1098-T My view is that box 4 should show the total of all scholarships or grants administered and processed by the eligible educational institution. However, educational institutions {e.g., ucla} seem to report only the portion of scholarships and grants considered to be taxable income (i. e., they exclude the box 1 amount or say they do) to the student. I'm interested in other's experience with this issue? << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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| 1098t |
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