Form 1098-T (Tuition Statement) is a statement of qualified tuition and fees charged during the period from January 1 through December 31 each year by UNC Asheville that we provide to the student and to the IRS. The information on the form 1098-T complies with IRS regulations.
Prior to 2018, UNC Asheville reported a figure in Box 2 that represented the qualified tuition and related expenses (QTRE) billed to student accounts for the calendar (tax) year. Due to a change to institutional reporting requirements under federal law, beginning with tax year 2018, UNC Asheville will report in Box 1 the amount of QTRE that was paid during the 2018 year.
The dollar amounts reported on your Form 1098-T may assist you in completing IRS Form 8863, the form used for calculating the education tax credits that a taxpayer may claim as part of your tax return.
Note: The reporting of scholarships and grants on Form 1098-T does not determine the taxability of those payments. UNC Asheville is unable to provide you with individual tax advice. If you have questions, we recommend that you seek the counsel of an informed tax preparer or adviser.
Please be aware that the date that transactions are posted to your student account determines the year that they will show on a 1098-T. For example, if you registered for the Spring 2021 term in November or December of 2020, the tuition and fee charges will have been reflected on the 2020 1098-T instead of the 2021 1098-T even though the tuition is for the Spring 2021 term. The same is true for scholarships and grants. Scholarships and grants will be considered for 1098-T reporting based on the date they are posted to the student’s account. This may mean that tuition and fees will be reported in one year and scholarships and grants for the same semester will be reported in the following year because of the date these posted to the student’s account.
The University is not required to provide Form 1098-T for students whose qualified tuition and related expenses are waived or paid entirely with scholarships or grants.
Requesting 1098-T Form – 2021
1098-T forms will be mailed by January 31, 2022 and are available in OnePort.
Students not eligible for a 1098-T form because their scholarships/grants are more than charges billed, will need to review their student account activity or request a student account summary by completing this request form.
Requesting Prior Year 1098-T Form
The process to access the electronic 1098-T version is simple. Just follow these steps:
- Go to oneport.unca.edu
- Enter your User Name and Password
- Click on “Student Records Main Menu” (hyperlink on the left)
- Click on “Tax Notification”
- Enter the Tax Year you want, and click on “Submit”
If you no longer have access to OnePort, you should complete this request form to request a current or prior year 1098-T form. These request will be reviewed and processed weekly.
Note on CARES Act, CRRSAA, and HEERF Student Emergency Grant Payments:
These payments are not included in Box 5 since they are not required to be reported as Scholarships or grants by the IRS. In addition, the university is not required to separately report the portion of emergency financial aid grants applied toward qualified tuition and related expenses. For more information regarding the 1098T and emergency grants please visit the IRS FAQ website.
Why was I excluded from receiving the 1098-T form?
UNC Asheville is not required to issue a 1098-T to students whose qualified tuition and related expenses are entirely waived or paid entirely with scholarships or grants (when Box 5 is equal to or greater than Box 2). Students also must have their Social Security number on file with UNC Asheville in order to receive a 1098-T.
Please remember that the 1098-T form is not tax advice. If you have questions regarding your 1098-T, we encourage you to consult with your tax adviser before choosing a course of action. For additional information about education tax credits, see the IRS website: Education Credits, the current versions of IRS Publication 970, Tax Benefits for Education, or Form 8863.
Specific questions regarding your 1098-T information should be addressed to 828.251.6664 or email@example.com.
Foreign Withholding Tax
Withholding is the amount of tax that UNC Asheville deducts from a foreign national payment and submits directly to the IRS. The amount of withholding is 14% on the amount of scholarships that exceed eligible charges.
Pursuant to United States tax code rules we complete a review of student accounts for the tax each semester. We calculate tax applicable to the amount of scholarships exceed eligible charges (tuition and fees – not including housing, meal plan, or fines).
Eligible students will receive a 1042-S for tax purposes in March reflecting the tax withheld.
In order to comply with the Taxpayer Relief Act of 1997, UNC Asheville must submit information to the Internal Revenue Service each year for every student who attends the University and has earned academic credit. The information that is submitted to the IRS includes the tuition and qualified expenses billed to the student’s account and any grants or scholarships credited to the student’s account. The Internal Revenue Service works only with social security numbers, therefore, we send a request for this information via a W-9S form to all students whose social security number is not already on file with the University.