x0000x0000 Page of Xavier Universityof LouisianaStudent Accounts - PDF document

1 �� Page of Xavier Universi
�� Page of Xavier Universityof LouisianaStudent Accounts DepartmentForm 1098Information IRS Reporting & Compliance eligibility for education tax credits. The information on the form is also filed with the Internal Revenue Service (IRS). Xavier University(the Universityprovides the form to each student who is a expenses during the calendar year. II.Issuance of Form 1098 Form 1098is Select “Start Here”.ClickMy XULAEnterUser Name and PasswordClick on “Banner Web”.Click onStudentandFinancial Aid III.Additional Information Below is an explanation of how the Universitydetermines the value in each box ofthe form1098Box 1: Payments Received for ��Page of Xavier Universityof LouisianaStudent Accounts DepartmentForm 1098T Information, ContinuedBox 2: ReservedBeginningfor the calendar year2018, no information is required to be reportin Box Box 3: Change of Reporting MethodFor the tax year 201, Box 3 is checked to signify the change the Universitymade to report ayments Received in Box 1.Prior to 2018, Xavier reported QTRE in Box 2.Box 4: Adjustments Made for a Prior YearBox 4 represents a reduction in payments made for QTRE originally billed in a prior calendar year. No informationis reported inBox 4 for201for any student, as the Universitydid not report payments made for QTRE originally billed in a pri

2 or calendar year.Box 5: Scholarships or
or calendar year.Box 5: Scholarships or GrantBox 5 displays the total amount of any scholarships or grants processed during the calendar year for payment of the student's costof attendance. Scholarships and grants generally include all payments received from 3rd parties (excluding family members and loan proceeds). This includes payments received from governmental and private entities such as the Department of Veterans Affairs, the Department of Defense, civic and religious organizationsand nonprofit entities.Box 6: Adjustments to Scholarships or Grants for a Prior YearBox 6 displays the amount of any reduction to the amount of scholarships or grants that were reported for any prior year afterthe calendar year2002.Box 7: Amounts for an Academic Period Beginning in January through March 2019Box 7 is checked if any payments of qualified tuition and related expenses reported for 201relate to an academic period that beginsin January through March of 2019.Box 8: t Least HalfTime StudentBox 8 is checked if the student was at least a halftime student during any academic period that began in 201. A halftime student is a student enrolled for at least half the fulltime academic workload for the course of study the student is pursuingt Xavierhalftime student is taking less than 12 hours per semester. ��Page of Xavier Universityof LouisianaStuden

3 t Accounts DepartmentForm 1098T Informat
t Accounts DepartmentForm 1098T Information, ContinuedBox 9: Graduate StudentBox 9 is checked if the student was a graduate student. graduate student is defined as student who was enrolled in a program or programs leading to a graduatedegree, graduatelevel certificate, or other recognized graduateeducational credential. IV.Form 1098T Not Received by a Student A student may not receiveForm 1098if any one of the following occursNo payments were received by the Universityin the calendar yearfrom the studentThe studentreceivedcredit balance refund(s) in excess of the QTRE payment(s) made in the calendar yearThe student not billed qualified tuition and related expenses in the calendar yearThe student QTRE amount was reduced to zero by a tuition waiverA student has not provided the Universitywith a valid Social Securitynumber.student can provide this information by downloading and completing IRS form W9S as follows:The IRSform 9S can be downloaded by clicking here: http://www2.xula.edu/fiscal/documents/W%209S%20Request%20For%20Students %20Taxpayer%20ID%20Certification.pdf email Ms. Rebecca Sanchez at rsanche1@xula.edu Mrs. Avis Stuard at astuard@xula.eduFor name changes, please contact the Office of the Registrar at (504) 5207583. Questions If you should have any questions regarding the Form 1098T, please ontact Student Accounts Representative