2016 Tax Update: No tuition deduction or credit without Form 1098-T

No clue why they allowed schools to be so loosey-goosey with reporting when expenses are paid.


Schools are just following the rules the IRS made. I coordinate 1098-T reporting for my school, and it s**ks, Many schools are like mine, small enough to not have any tax experts … but required to be tax experts. Sure, we have a company that prepares our statements … but we provide all the info, so we are supposed to know what to do. I didn’t even know that the reporting rules had changed (but fortunately am in compliance).

You have no idea how tired I am of rules and compliance … retirement will not come soon enough.