Form 1098-T for the 2004 Calendar Year

Form 1098-T for the 2007 Calendar Year

1098-T forms for calendar 2007 are mailed January 31, 2008. Please allow normal mailing time to receive your form.

There is no dollar amount in Box 1.
Beginning with tax year 2003 reporting, eligible educational institutions were given the option of reporting payments received, or amounts billed, for qualified tuition and related expenses. The school must continue to use the same reporting method for all calendar years unless the IRS grants permission to change the reporting method.

Northeastern University elected to adopt the IRS option of reporting qualified tuition and expenses billed during the calendar year. You will see that figure in box 2 on the 1098-T form. We selected this reporting option because it benefited the most students. In order to take the tax credit you will need the amount of qualified tuition billed during the tax year, less the amount of any scholarships and grants in order to complete Form 8863, the form used to calculate tax credit eligibility. Students and parents should have receipts for payments made.

The amount in Box 2 reflects tuition charges that were posted to the tuition account in calendar 2007. This also includes charges for terms beginning January to March 2008 if Box 7 is checked.

For most students, tuition for winter quarter 2007 and spring semester 2007 was billed in 2006 and was reported on the 1098-T for 2006. Box 7 on the 1098-T for 2006 was checked if this was the case.

Scholarships and grants. This box reflects the total of scholarships and grants that were posted to the tuition account during calendar 2007. This may also include additional scholarship and grant funds posted late for a prior year.

Adjustments to tuition for a prior year. This box reflects reductions in charges for qualified tuition and related expenses made during this calendar year that relate to amounts billed that were reported in a prior year. This could impact a tax credit for a prior year. Your tax preparer should be consulted.

Adjustments to scholarships and grants for a prior year. This reflects reductions in scholarships and grants reported for a prior year. This could impact a tax credit for a prior year. Your tax preparer should be consulted.

We also should include the following information:

Northeastern can only answer questions relating to how the form was prepared. THE TAXPAYER SHOULD REFER TO RELEVANT IRS FORMS AND PUBLICATIONS, AND NOT THE INSTITUTION, FOR EXPLANATIONS RELATING TO THE ELIGIBILITY REQUIREMENTS FOR, AND CALCULATION OF, ANY ALLOWABLE EDUCATION TAX CREDIT.

IRS Publications - go to www.irs.gov
2006 Publication 970 - Contains information on both Hope Scholarship and Lifetime Learning Credit. Covers eligibility, qualifying expenses, how to figure and claim credit, etc.
IRS Form - go to www.irs.gov
2006 Form 8863 - This is the form used to calculate the tax credit and must accompany the tax return.
Phone Numbers
IRS - Asking Tax Questions: 1-800-829-1040, TTY/TDD 1-800-829-4059
IRS - Ordering Forms and Publications: 1-800-829-3676, TTY/TDD 1-800-829-4059
IRS - Taxpayer Advocate: 1-877-777-4778, TTY/TDD 1-800-829-4059
Northeastern 1098-T Information Line: 1-617-373-2831

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Catalogs Course Descriptions Schedules Calendars Student Billing Husky Card Academic Records Student Services Forms FAQ Contact Us Registrar Home		Form 1098-T for the 2007 Calendar Year Student Billing and Husky Card Services have now joined the Registrar's Office Web site. Financial Aid information is at www.financialaid.neu.edu. Additional 1098-T Information (PDF) 1098-T forms for calendar 2007 are mailed January 31, 2008. Please allow normal mailing time to receive your form. There is no dollar amount in Box 1. Beginning with tax year 2003 reporting, eligible educational institutions were given the option of reporting payments received, or amounts billed, for qualified tuition and related expenses. The school must continue to use the same reporting method for all calendar years unless the IRS grants permission to change the reporting method. Northeastern University elected to adopt the IRS option of reporting qualified tuition and expenses billed during the calendar year. You will see that figure in box 2 on the 1098-T form. We selected this reporting option because it benefited the most students. In order to take the tax credit you will need the amount of qualified tuition billed during the tax year, less the amount of any scholarships and grants in order to complete Form 8863, the form used to calculate tax credit eligibility. Students and parents should have receipts for payments made. The amount in Box 2 reflects tuition charges that were posted to the tuition account in calendar 2007. This also includes charges for terms beginning January to March 2008 if Box 7 is checked. For most students, tuition for winter quarter 2007 and spring semester 2007 was billed in 2006 and was reported on the 1098-T for 2006. Box 7 on the 1098-T for 2006 was checked if this was the case. Scholarships and grants. This box reflects the total of scholarships and grants that were posted to the tuition account during calendar 2007. This may also include additional scholarship and grant funds posted late for a prior year. Adjustments to tuition for a prior year. This box reflects reductions in charges for qualified tuition and related expenses made during this calendar year that relate to amounts billed that were reported in a prior year. This could impact a tax credit for a prior year. Your tax preparer should be consulted. Adjustments to scholarships and grants for a prior year. This reflects reductions in scholarships and grants reported for a prior year. This could impact a tax credit for a prior year. Your tax preparer should be consulted. We also should include the following information: Northeastern can only answer questions relating to how the form was prepared. THE TAXPAYER SHOULD REFER TO RELEVANT IRS FORMS AND PUBLICATIONS, AND NOT THE INSTITUTION, FOR EXPLANATIONS RELATING TO THE ELIGIBILITY REQUIREMENTS FOR, AND CALCULATION OF, ANY ALLOWABLE EDUCATION TAX CREDIT. IRS Publications - go to www.irs.gov 2006 Publication 970 - Contains information on both Hope Scholarship and Lifetime Learning Credit. Covers eligibility, qualifying expenses, how to figure and claim credit, etc. IRS Form - go to www.irs.gov 2006 Form 8863 - This is the form used to calculate the tax credit and must accompany the tax return. Phone Numbers IRS - Asking Tax Questions: 1-800-829-1040, TTY/TDD 1-800-829-4059 IRS - Ordering Forms and Publications: 1-800-829-3676, TTY/TDD 1-800-829-4059 IRS - Taxpayer Advocate: 1-877-777-4778, TTY/TDD 1-800-829-4059 Northeastern 1098-T Information Line: 1-617-373-2831

Form 1098-T for the 2007 Calendar Year