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.”

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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 |

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