Remember to put your own text here (same as alt text)Form 1098-T is an annual IRS form completed by Cal Poly Pomona and sent to students to assist them in the preparation of their annual income tax returns. The form summarizes qualified tuition and related expenses for the calendar year starting from January 1 to December 31. The form reports the amounts billed that may entitle the student to the new American Opportunity Credit, Lifetime Learning Credit, or other educational tax benefits depending on their individual situation.
Cal Poly Pomona needs the student's social security number for 1098-T IRS reporting (see details below).
For students who are currently enrolled at Cal Poly Pomona, you can receive the 1098-T form electronically.
1. Log on to BroncoDirect at https://broncodirect.cms.csupomona.edu
2. Under the Student Self Services menu, select Student Center
3. In the "Finances" section, select the 1098-T print option
4. Select "I consent to receive my 1098-T form electronically via online access"
5. Click on SAVE. Remember, your selection is not complete until you select SAVE.
For students who cannot access BroncoDirect or want to have their form mailed, forms will be mailed by February 1, 2010. If you are a current student, we encourage you to take advantage of receiving the form electronically: save time, eliminate the risk of losing your 1098-T in the mail, and safeguard your personal information.
Attention: Students who graduated in early 2009 or attended the College of Extended University will not be able to access the 1098-T online. The forms will be mailed using the mailing address in our records. If you have moved, please contact the Registrar's Office to change the mailing address before January 1, 2010 to ensure timely mailing.
To print your 1098-T from BroncoDirect, follow the following instructions:
Method 1 : Amounts Received. This is based on payments received and are reported in Box 1. Cal Poly Pomona did NOT elect this method, therefore, Box 1 will be zero.
Method 2 : Amounts Billed. Amounts are reported regardless of when payments are received. Cal Poly Pomona elected this option. The amounts are reported in Box 2.
Some of the qualified education expenses also include:
The most common reasons for not receiving a 1098-T are:
1. Cal Poly Pomona does not have your social security number. This information is required for 1098-T reporting (make sure that you provide us with the information).
2. Cal Poly Pomona does not have your valid address.
3. The student's qualified tuition and related expenses are entirely waived.
Scholarships, grants, and waivers processed throughout the University are reported in Box 5 on the 1098-T. Loans are not reported on the 1098-T.
Please complete IRS Form W9S and submit it to University Accounting Services in Building 98 B1-113, Attention: Edward Shore.
By FERPA (Family Education Rights and Privacy Act of 1974), parents have rights to their children's education records but those rights transfer to the child when the child starts college OR reaches the age of 18. We are required to obtain written consent from the student.
The written consent must:
• Specify the records that may be disclosed (please specify the 1098-T Form),
• State the purpose of the disclosure (the student states why he or she wants someone else to receive the form), AND
• Clearly identify for whom the disclosure may be made. Please provide full names.
The consent can be sent electronically to cpp1098t@csupomona.edu or be mailed to
Edward Shore, Tax Specialist
California State Polytechnic University, Pomona
University Accounting Services
3801 W. Temple Ave. Bldg. 98 B1-113
Pomona, CA 91768
You can find out more information about FERPA by clicking on this link.
Some of the tax benefits the IRS offers are:
New American Opportunity Credit (2009 and 2010 only) - A student may take a credit up to $2,500 for 2009. The student must have been enrolled at least half-time for any quarter during 2009. This can be verified if Box 8 on the 1098-T has been checked.
The list of qualified expenses has been expanded to include "course materials", or books, supplies, and equipment needed for a course study. Caution: for the purposes of this credit, the 1098-T may not reflect the total qualified expenses based on information available. This credit is available for students who are in their first four years of post-secondary education.
Lifetime Learning Credit - A taxpayer may take up to $2,000 (20% of the first $10,000 in expenses) credit per tax return, not per student. The credit is available for all years of postsecondary education and courses to acquire or improve job skills.
Tuition and Fees Deduction - Up to $4,000 may be deducted from income for qualified expenses. For this deduction, expenses do not include room and board and course related materials (unlike the American Opportunity Credit). IRS Form 8917 is required. Consult and IRS and the Form 8917 for more details..
The above mentioned tax benefits are not available to nonresident aliens. If the student is a dependent, the taxpayer claiming the student may claim the benefit.
Only you and your tax consultant can determine if you are eligible for any of the above tax benefits. The University cannot advise you on your tax situation.
Absolutely not! The 1098-T is not a bill from the University.
Remember, the 1098-T is completed by the University; you do not complete the 1098-T.
Please email us at cpp1098t@csupomona.edu .
Please e-mail kmharper@csupomona.edu with any comments or questions.
