Reporting qualified tuition, expenses on Form 1098-T | KPMG | GLOBAL
Share with your friends

Proposed regulations: Reporting qualified tuition, related expenses on Form 1098-T

Reporting qualified tuition, expenses on Form 1098-T

The Treasury Department and IRS today released for publication in the Federal Register proposed regulations (REG-131418-14) concerning the reporting for qualified tuition and related expenses under section 6050S on Form 1098-T, “Tuition Statement.”


Related content

The proposed regulations [PDF 251 KB] reflect changes made to the reporting requirements under section 6050S by the Protecting Americans from Tax Hikes Act of 2015 as well as certain amendments to section 6050S made to accommodate previous legislation affecting other Code sections. There are also proposed regulatory changes concerning education tax credits available under section 25A, again reflecting legislative changes. 

The regulations reflect new requirements for students claiming education tax benefits. Higher education institutions required to file Form 1098-T and taxpayers eligible to claim an education tax credit will be affected by the proposed regulations.

Comments and requests to speak at a November 30, 2016 public hearing must be received by a date that is 90 days after August 2, 2016, which is the scheduled date when the proposed regulations will appear in the Federal Register.


For more information, contact the Managing Director-in-Charge of KPMG's Washington National Tax Exempt Organizations Tax group

D. Greg Goller | +1 (703) 286-8391 |

© 2018 KPMG LLP, a Delaware limited liability partnership and the U.S. member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.

The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.

Connect with us


Request for proposal