![]() ![]() Texas A&M University will report a student's 1098-T information to the IRS with or without a taxpayer identification number.The American Opportunity Tax Credit is an excellent tax benefit related to qualified education expenses paid during a student’s first four years of higher education. Ultimately, it is the student's decision whether or not to provide their taxpayer identification number. Taxpayers seeking advice regarding the risk of being fined for not providing their taxpayer identification number should consult their tax advisor. Please consult your tax advisor for more information. Because the IRS has a taxpayer identification number matching program that may be used to match Texas A&M University 1098-T Tuition Statement reporting to an income tax return claiming an education tax benefit, it may be advantageous for the student to provide their tax identification number. If the student has a taxpayer identification number (SSN or ITIN) and does not provide it when requested, the Internal Revenue Service (IRS) may fine the taxpayer $50.00. ![]() Section 6109 of the Internal Revenue Code requires taxpayers to give their correct social security number (SSN) or individual taxpayer identification number (ITIN) to entities who must file 1098-T Tuition Statement information returns. The above steps must be completed to view the tax forms. Having access to pay the student's bill does not give the parent access to view the student's tax forms. In order for the student to grant this permission, students must follow the steps outlined on the Howdy homepage by selecting Information About Parent Guardian Access, and then choose Student, and follow the instructions for "Setting up Parent/Guardian Access to Academic Records, Financial Aid, Tax Forms and Other Services".Īfter the student grants access to the parent, then the parent must go to the Howdy Homepage, select Information About Parent/Guardian Access and click on Parent/Guardian and go to Parent/Guardian Access to Academic Records and Other Services – Howdy and follow the required instructions for setting up their own account. Exercising this option allows parents or guardians to view their student's tax information online. Only the student can grant a parent or guardian access to their online 1098-T by going to the Howdy Portal and granting this access. Texas A&M is prohibited from discussing or disclosing any student information over the telephone or to anyone other than the student themselves. Yes, but only with the student's direct consent and permission.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |