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Thursday, November 16, 2017

Preparations for the 1098-T

The Student Finance group has begun work on the 2017 tax year preparations for 1098-T. The W-9S forms (requesting SSNs or ITINs from students) have already been sent out and the reviews of setup and updates to critical data like names and addresses are in progress.

The Campus Solutions 9.2 Payment Plan project is underway, which impacts 1098-T reporting. The current payment plan causes major issues in the ability to report what a student actually paid, so we want to create a payment plan that still does three installments per term, but in a manner that does not impact 1098-T reporting and removes the confusing payment plan transaction lines in the student account.

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