What student financial information is reported to the IRS?
The University must file a 1098-T with the IRS for enrolled students who have a reportable transaction. The University does NOT report Box 1, student payments, but does report Box 2, the IRS qualified charges assessed during the tax year. The IRS requires charges to be reported according to the date and calendar year that they are posted.
A 1098-T form is automatically mailed to students with a US citizenship status of native, naturalized, or permanent resident on University records. As required by law, 1098-T statements are mailed by January 31st of the following year.
Students without one of these three US citizenship statuses or students with a non-resident alien status will not have a 1098-T automatically generated. To request a 1098-T be generated, please contact the Business Office. We will generate the current year’s 1098-T upon receipt of both your request AND a completed W-9S form (PDF). The deadline to request the current tax year’s 1098-T form is July 1st.
We cannot provide tax advice or assistance related to claiming education expenses credits. The 1098-T, along with your copy of your Divine Mercy University billing statements, should be used by your tax preparer to determine your eligibility for a tax credit.
The Business Office, Divine Mercy University