The 1098-T provides the amounts billed to you for qualified tuition and related expenses, amounts you received for scholarships and grants, and prior year adjustments. Please note, LBCC reports the amounts billed to you for qualified tuition and related expenses on the 1098 T and not the amount you paid during the calendar year. Students must use their own records about tuition and fee amounts paid during the year in addition to the information on the 1098-T to determine if they qualify for certain education tax credits.

The IRS defines qualified tuition and related expenses as tuition and fees a student must pay to be enrolled at or attend an eligible educational institution.

LBCC does not furnish 1098-T forms if:

• Scholarships and grants equal or exceed qualified charges billed
• Student is a nonresident alien (unless requested by student)
• Student only registered for non-credit courses
• Student's quailified charges billed are waived or paid through third party billing arrangements

Mailing Date: 1098-T's will be mailed by January 31, 2010.

Mailing Address: The 1098-T form will be mailed to your most recent mailing address (MA) on record at the time of printing. If there is no MA designated, it will be mailed to your permanent address.

On Line Information: If you did not receive a 1098-T, you may view a detailed representation on LBCC’s Student Information System (SIS).

Tax Advice: LBCC cannot determine if you qualify for an education tax credit and is not allowed to give you tax advice. Please read the instructions on your 1098-T form or contact a tax professional to assist you. You may also refer to IRS Publication 970 on Tax Benefits for Education and IRS Form 8863.

For additional information contact the IRS at 1-800-829-1040.