Form 1098-T for 2016 : Student’s Taxpayer Identification Number
Colleges and universities use IRS Form 1098-T to report amounts relating to qualified tuition and related expenses. The IRS imposes a penalty per record for incorrect or a missing taxpayer identification number for every tax form except IRS Form 1098-T. The new law reads: “No penalty shall be imposed under section 6721 or 6722 solely […]
