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Vice President for Finance
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Taxpayer
Relief Act of 1997: Hope Scholarship &
Lifetime Learning Tax Credits While it is not U of L’s role to act as a tax advisor, we feel it is important that you know about the benefits available through the Hope Scholarship and Lifetime Learning Tax Credits. Please share this important tax information with others if they will be claiming you as a dependent on their federal tax return. In late January of each year, an IRS Form 1098-T is mailed to students who qualified during the previous calendar year. U of L has contracted with TCRS to mail the IRS 1098-T forms to our students and to provide web access to the IRS 1098-T information supplied to the Internal Revenue Service. UofL has elected to report by the “Amount Billed” method. This method reports all tuition and related charges assessed during the 2007 calendar year. Spring 2007 Continuing Registration students who had applicable charges assessed in calendar year 2006 WILL NOT have these amounts reported on the IRS 1098-T form. Spring 2008 Continuing Registration students who had applicable charges assessed in calendar year 2007 WILL have these amounts reported on the 1098-T form. You also had to be considered at least a half-time student during one semester in 2007 to be sent a form. The IRS Form 1098-T is mailed to your home address of record in the Student Information System. On-line access to the 1098-T information is available at TCRS. You will need your SSN to access the information and you will be assigned a TCRS-PIN (not your U of L - PIN) AFTER your first login. The University of Louisville is a Limited Service School with TCRS and has chosen only certain aspects of TCRS services. You will ONLY have access to review and print your 1098-T format this link: www.1098t.com. On-line access to charges and payments made during the calendar year 2007 is available at: https://ulink.louisville.edu , LOG IN, Student Services, Tuition-Fees-Payment Options, Tax Credit Summary of Account
https://ulink.louisville.edu, LOG IN, Student Services, Tuition-Fees-Payment Options, Account This Additional information
may be helpful: IRS Form 8863: Education Credits IRS Publication 970: Tax Benefits for Education
The University of Louisville cannot provide individual tax, legal, or accounting advice and shall not be liable for damages of any kind in connection with the information provided. Please contact your tax professional or the Internal Revenue Service at 1-800-TAX-1040 or visit www.irs.gov |
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