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Educational credits - no Form 1098T

Forum|Forum|3 years ago
March 21, 2023
4 replies
29 views

My client's dependent, age 19, is attending an excellent 2 year Bible College. The college has chosen to NOT participate in Federal Aid programs, is NOT found on any IRS list, and does NOT issue a Form 1098T for the student's Tuition paid. According to what I have read, there is no way to use the Form 8863 for Educational credits (student would be AOTC eligible) without the Form 1098T. Does anyone know of any IRS work-arounds, or are these folks just not able to have any Educational credits?

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Best answer by IRonMaN

God will provide -------------------- but even he can't provide any educational credits if the college isn't participating within the system.

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taxes96786

Level 8

Is this an accredited college? Maybe it doesn't qualify.

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buelfarmAuthor

Level 5

They specifically are not accredited, but choose not to be ... there are 7 Seminaries that accept their students into Masters Level programming via an agreement. From what I read, no AOTC.

Just-Lisa-Now-

Intuit Community Champion

If they dont participate in the federal aid programs, then I dont think IRS considers them an eligible institution and they wont be eligible for AOTC.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

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buelfarmAuthor

Level 5

Yes, I think that's right! Thank you 🙂

IRonMaNAnswer

Level 15

God will provide -------------------- but even he can't provide any educational credits if the college isn't participating within the system.

Slava Ukraini!

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buelfarmAuthor

Level 5

You are absolutely right ==> thank you !! I know this Pastor & his wife will be disappointed in the financial aspect of this reality, but they know their student is in the right place. Appreciate your perspective 🙂

BobKamman

Level 15

In other words, "I want federal aid for sending my kid to a school that has a strongly held belief against federal aid." Takes all kinds, I suppose, although I don't think accepting federal aid is a requirement to be an eligible school. What they do need is an EIN, and apparently that's against their religion.

Even foreign schools qualify, from what I have found:

"While foreign educational institutions are not required as a matter of Title IV eligibility to obtain an EIN and complete Form 1098-T for U.S. students they enroll, it is a financial benefit to the student for the institution to do so and may provide the student with additional funds to pay for continued enrollment."

https://fsapartners.ed.gov/knowledge-center/library/electronic-announcements/2018-08-06/general-subject-title-iv-eligible-foreign-schools-and-american-opportunity-tax-credit

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buelfarmAuthor

Level 5

Thanks for your efforts & thoughts ==> appreciate your time !

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