Tax credit reporting

Tuition Payments Statement

We recommend that you refer to this information to assist you in understanding who did and did not receive a Form 1098-T. This information must not be construed as tax advice. The amounts and calculations used to determine the credit are the decision of the taxpayer after consideration of relevant IRS regulations, Form 8863, and perhaps, the advice of a tax consultant.

1098-T Form Most Frequently Asked Questions:

What did I pay for tuition in calendar year?
Please refer to your canceled checks and credit card statements for this information. If you need more detail, a printout of relevant semesters and payments may be obtained by accessing your online student account.
Where was my form mailed?
Parkland College mailed the 1098-T forms based on addresses provided by the students to the Admissions Office.
What is Form 1098-T (Tuition Payments Statement) ?
Form 1098-T is used by eligible educational institutions to report for each student the enrolled amounts they received for qualified tuition and related expense payments. Eligible educational institutions file this form for each student they enroll and for whom a reportable transaction is made.
What if Parkland made an error on the form?
Corrected or Amended Information Reports issued if College's information was recorded in error.
What if I received funds from the CARES Act?

The IRS announced that the CARES Act grants to students will not be taxable.  The IRS states that these grants will be considered official federal disaster assistance, which excludes the funds from being taxed.  Higher Education Emergency Relief Fund (HEERF) grants to students will not be included on the 2021 IRS Form 1098-T in Box 5.  Please see the following resources if you have further questions:

IRS Higher Education Emergency Grants Frequently Asked Questions

NACUBO Video on Reporting HEERF Grants on IRS Form 1098-T

What assistance does Parkland's Cashier Office provide?
  • Clarify information on the Information Report (1098-T).
  • Explain to students how to provide or correct their SSN/ITIN with Admissions and Records office.
Why did I receive Form 1098-T?
Form 1098-T has been provided to assist in determining if you, or the individual who may claim you as a dependent, are eligible to claim a American Opportunity Credit on an income tax return.
What if I didn't get a 1098-T?
If you did not receive a form and should have, please verify that the form was not mailed to another address such as your permanent (parents) address.  You can also access and print out the form from your student account.
Where can I get receipts for tuition payments?
  • Go to Connect
  • Click Pay Tuition
  • Select Student Finance option to see Account Summary and Account Activity
What if I have further questions?
Parkland College has sent the forms in compliance with IRS guidelines. However, we can not offer any tax advice on this issue. If you have further questions, please utilize the resources at the links below.

IRS Instructions for Forms 1098-E and 1098-T

What do the amounts located on the form represent?
  • Box 1 represents payments received for qualified tuition and related expenses.
  • Box 4 represents adjustments made for a prior year.
  • Box 5 represents scholarships and grants.
  • Box 6 represents adjustments to scholarships and grants for a prior year.
  • Box 7 is checked if any payments received includes amounts for an academic period that begins in January - March of 2022.
  • Box 8 is only checked if you have been a half time student (6 credit hours) for at least one academic period that began during the calendar year.
How do I determine which expenses will qualify for the American Opportunity Credits?
Parkland College can not offer tax advice. Please see your individual tax consultant for additional information.
Who prepared Form 1098-T?
Parkland College has prepared the 1098-T forms based on the information provided by the Cashier Office and the student accounting system via IRS direction.
If I receive Form 1098-T, does it mean I qualify for the American Opportunity Credit?
Not necessarily, the College is required to provide Form 1098-T to individuals who were billed for qualified tuition and fees during a calendar year. Please consult with a qualified tax preparer or CPA to make an individual determination.
Why didn't I receive a 1098-T when I attended Parkland College?

    There are several possibilities: 

      1. The IRS does not require us to send you one if your scholarship and aid (including formal billing arrangements with employers, government agencies, etc.) exceeded the billed amount.   IRS Instructions for Forms 1098-E and 1098-T
      2. You attended Parkland College in the spring semester but you had enrolled and been billed in prior calendar year. 
      3. We do not have a valid United States mailing address on file for you.
      4. Your classified as a non-resident alien.
      5. Your billed amounts consisted of only non-credit courses.
      What are considered Qualified Tuition and Related Expenses (QTRE)?

      QTRE includes tuition and fees, and any mandatory course fees paid by a student that are required for enrollment in a course.  See the link for more information.  IRS Instructions for Forms 1098-E and 1098-T