1098-T FAQ
What is the IRS Form 1098-T?
The Form 1098- Talso referred to as the “Tuition Payment Statement”, is a statement that colleges are required to issue to certain students. It provides the total dollar amount paid by the student for what is referred to as qualified tuition and related expenses (or “QTRE”) in a single tax year. The Form 1098-T, Tuition Statement, is issued to help determine if students or their parents are eligible to claim tax credits under the Tax Relief Act of 1997. Learn more about the American Opportunity Credit or Lifetime Learning Credit by accessing IRS Publication 970.
When will I receive my 1098-T?
Your 1098-T will be mailed to your permanent address by the end of January.
Can I receive my 1098-T electronically?
New York Film Academy has partnered with ECSI, offering you the opportunity to receive your 1098-T Tuition Statement electronically this year. If you would like to receive your 1098-T form electronically, please give your consent by following the link provided below and following the step by step instructions.
To give consent to receive your 1098-T form electronically, click on the link below and follow the simple instructions to sign up.
- Visit https://heartland.ecsi.net/
- At the top right of the page click Register to create a profile. If you already have a profile, click Sign In.
- Once logged into your account. Navigate to Your Communication Center at the top.
- Select Tax Statement eConsent.
- At the bottom of the page click Add New Consent. Once clicked the Electronic Consent Application will open below.
- Complete the Electronic Consent Application.
- Check the box and click Submit & Accept.
If you have any questions or issues completing the steps, please visit https://heartland.ecsi.net/index.main.html#/access/FAQtaxDocuments for information regarding your tax documents and to obtain contact information for ECSI.
My SSN is wrong on my Form 1098-T. Can I have a new one sent to me.
If your SSN is incorrect, please email 1098t@nyfa.edu for assistance.
What is the timeline for the 1098-T?
The 1098-T form contains information pertaining to the calendar year (January 1st-December 31st).
Does the Form 1098-T notate if financial aid covered my tuition and fee charges?
Yes, if you receive a Form 1098-T, any financial aid received during the tax year will be displayed in Box 5. Note that if your tuition and fees were entirely covered by financial aid, you will not receive a Form 1098-T.
I received a notice about submitting a Form W-9S, why?
Per IRS regulations, any student who does not have a valid Social Security Number (SSN) or Individual Taxpayer Identification Number (ITIN) must be notified of the method in which to correct/provide their SSN or ITIN. If you have obtained your valid SSN or ITIN, please contact 1098t@nyfa.edu about submitting Form W-9S, “Request for Student’s or Borrowers Taxpayer Identification Number and Certification.”
Will I receive a Form 1098-T if I made qualified payments but withdrew from classes?
Yes, per IRS regulations, you will receive a Form 1098-T for only the amount of qualified expenses that have not been refunded.
My accountant says that the University must provide me with a 1098-T form.
Consistent with IRS Regulations, NYFA is not required to provide a 1098-T tax form to a student with the following exception circumstances:
- Students whose qualified educational expenses were entirely waived or paid with scholarships.
- Students whose qualified education expenses were entirely paid by a third party, including a student’s employer or government entity.
- Students who do not have a valid Social Security Number (SSN) or Tax Identification Number (TIN) on file with the New York Film Academy. To provide your SSN or TIN, contact: 1098t@nyfa.edu
- Students who are non-resident aliens, i.e., not tax residents of the United States.
Most international students are NOT eligible to claim education tax credits with the U.S. Internal Revenue Service.
International students who may be eligible are:
- Lawful permanent residents (green-card holder)
- Married to a U.S. citizen or permanent resident
- Those who may be claimed as a dependent by a U.S. citizen or permanent resident
- Those who have been in the U.S. long enough to file federal income tax returns as a resident
Where was my 1098-T tax form mailed?
The IRS mandates that 1098T tax forms be mailed to your permanent address. Therefore, if you believe your permanent address has changed, please verify that it is correct. If you have not previously provided your permanent address or if your permanent address is no longer active in our system, your 1098-T form will be mailed to your mailing address. If we do not have a permanent address or a mailing address, your 1098-T form was mailed to whatever active address we have on file that was previously provided by you.
Charges that are considered “not qualified” or “not eligible” are:
- Late payment fees
- Housing or similar living expenses
- Transportation
- Meals
- Books
- Family expenses
- Insurance
- Medical expenses